AFF3111 2007 Sem 2

AFF3111 2007 Sem 2 - AFF3111 Final Exam Semester 2 2007...

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Unformatted text preview: AFF3111 Final Exam Semester 2 2007 Page 1 of 14 Monash University Semester Two Examination 2007 Faculty of Business and Economics Department of Accounting and Finance EXAM CODES: AFF3111 TITLE OF PAPER: PERSONAL FINANCIAL PLANNING EXAM DURATION: 3 h o u r s READING TIME: 10 minutes THIS PAPER IS FOR STUDENTS STUDYING AT: (office use only - tick where applicable) ¡ Berwick ¡ Clayton ¡ Peninsula ¡ Distance Education ¡ Open Learning ; Caulfield ¡ Gippsland ¡ Sunway ¡ Enhancement Studies ¡ Other (specify) During an exam, you must not have in your possession, a book, notes, paper, calculator, pencil case, mobile phone or any other material/item which has not been authorised for the exam or specifically permitted as noted below. Any material or item on your desk, chair or person will be deemed to be in your possession. You are reminded that possession of unauthorised materials in an exam is a disciplinable offence under Monash Statute 4.1. AUTHORISED MATERIALS CALCULATORS ; YES ¡ NO (Permitted calculators: Citizen SRT-135, Casio FX82MS scientific calculator, the Casio FX82AU scientific calculator, and Sharp EL-735 financial calculator, or calculators with an 'approved for use' Faculty label) OPEN BOOK ¡ YES ; NO SPECIFICALLY PERMITTED ITEMS ¡ YES ; NO if yes, items permitted are: This paper consists of six (6) questions and nine (9) pages of Rates and Tables, printed on a total of fourteen (14) pages. It is worth 70 marks and constitutes 70% of the final mark in this unit. PLEASE CHECK THE PAPER BEFORE COMMENCING. THIS IS A FINAL PAPER. STUDENT ID: …………………………... DESK NUMBER: ……………………. THIS EXAMINATION PAPER MUST BE INSERTED INTO THE ANSWER BOOK AT THE COMPLETION OF THE PAPER. NO EXAMINATION PAPERS SHOULD BE REMOVED FROM THE EXAMINATION ROOM OFFICE USE ONLY AFF3111 PERSONAL FINANCIAL PLANNING AFF3111 Final Exam Semester 2 2007 Page 2 of 14 THIS PAGE HAS BEEN LEFT BLANK OFFICE USE ONLY AFF3111 PERSONAL FINANCIAL PLANNING AFF3111 Final Exam Semester 2 2007 Page 3 of 14 Question One Recently, interest rates were raised, the share market suffered a number of reversals (followed by recoveries), and business appears to be a little anxious about new investment. (a) Given this information, what stage of the business cycle do you think is the most likely at present? (b) If this is the case, what advice would you give to clients who are interested in investing in shares? (c) What other asset class might you be advising clients to consider? Why? (d) What type of client would you advise to invest in an equity managed investment scheme rather than direct share investments? Why? (2 + 2 + 4 + 4 = 12 marks) Question Two The federal government have made a number of significant changes to superannuation over the past 20 years....
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AFF3111 2007 Sem 2 - AFF3111 Final Exam Semester 2 2007...

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