FINA 4104: Advanced Financial Management
Assignment 1
1. The following information is available on the percentage rates of return on various
assets under the three possible states of the world, each of which has a probability of
occurring of one third:
St
CIVL 1160 CIVIL ENGINEERING & MODERN SOCIETY
PROF. BEN Y. B. CHAN
INSTRUCTOR
Prof. Y. B. Chan, PhD, AMHKIE, MCSCE, Assistant Professor
E-mail : ybchan@ust.hk
Office : Room 6583
INTRODUCTION
Teaching Assistants:
Chen Xunwen
Chen Liang
Wei Jiaqi
Xie Mengyao
PROJECT EDUCATION
INTRODUCTION TO INVESTMENT OPPORTUNITY
Sep 2012
STRICTLY CONFIDENTIAL
1
EXECUTIVE SUMMARY
STRICTLY CONFIDENTIAL
EXECUTIVE SUMMARY (ACQUISITION STRUCTURE)
The opportunity involves a consolidation of approximately 20 English as a Secondary
CONSTRUCTION MATERIALS
CONSTRUCTION MATERIAL
Concrete
Steel
Wood/Timber
Stone
Bricks
Clay
TIMBER
One of the oldest construction material
Strength of Timber
Structural Timber: 15 30 Mpa
Inconsistent strength
Lower durability
Sensitive to moisture
Relativel
SECTION 1: Example Exercise Outcomes
SECTION 2: Competencies and Behavioural Indicators
Free Group Exercise
Candidate Instructions Booklet
This exercise has been designed to simulate the type of group exercises which are
typically used by employers. We re
Tutorial Questions (Week 5)
4-20.
You are head of the Schwartz Family Endowment for the Arts. You have decided to fund an arts school
in the San Francisco Bay area in perpetuity. Every five years, you will give the school $1 million. The
first payment wil
Week 4 Tutorial Questions
11-21.
Suppose Intels stock has an expected return of 26% and a volatility of 50%, while Coca-Colas has an expected
return of 6% and volatility of 25%. If these two stocks were perfectly negatively correlated (i.e., their correla
Regression with a Single Regressor:
Hypothesis Tests and Confidence Intervals
(SW Chapter 5)
Is the estimated effect of STR on TestScore significant?
What is the 95% confidence interval covering the true slope
coefficient?
Does the variance of error terms
Linear Regression with One Regressor
(Stock/Watson Chapter 4)
What is the effect on test scores of reducing STR by one
student/teacher? Have we answered this question?
The difference-in-means method suggests that the difference in
conditional means betwe
The Least Squares Assumptions
(SW Section 4.4)
What is the sampling distribution of the OLS estimator?
When will 1 be unbiased? What is its variance?
To answer these questions, we need to make some
assumptions about how Y and X are related to each other,
Population and Sample
Population is the underlying true distribution of a random
variable Y, or of two random variables X and Y, etc.
Example: Let Y denote the household income in China in
2012, then its distribution is the population. There are around
36
Hypothesis Testing
The hypothesis testing problem (for the mean): use statistical
inference to compare a null hypothesis with some alternative
hypothesis. That is, test
H0: E(Y) = Y,0 vs. H1: E(Y) > Y,0 (one-sided, >)
H0: E(Y) = Y,0 vs. H1: E(Y) < Y,0 (on
EC3024
Managerial Macroeconomics
Expectations in Consumption,
Investment and IS Curve
16-1 Consumption
How do expectations about the future affect the
consumption decisions?
The theory of consumption was developed
by Milton Friedman in the 1950s, who call
EC3024
Managerial Macroeconomics
The Goods Market and IS Curve
The Composition of GDP
2
The Composition of GDP
Net exports (X IM) is the difference between exports
and imports, also called the trade balance.
Exports = imports trade balance
Exports > impor
ECON 3024
Managerial Macroeconomics
Expectations and Asset Prices
Financial Markets
Markets that trade financial assets such as
equities, bonds, currencies and derivatives
Supplier: commercial banks and investment
banks
Demander: anyone who has wealth
Pri
EC3024
Managerial Macroeconomics
Key Macroeconomic Variables
The Goods Market
Supplier: producers
Demander: households, businesses,
government agencies, foreigners
How to aggregate the total quantity of goods
and services produced?
How to aggregate differ
EC 3024
Managerial Macroeconomics
Introductory Session
We
Instructor: Yang LU (yanglu@ust.hk)
Office Hours: by appointment
Room: 6059 LSK
TA: Teresa LAU(ectylau@ust.hk)
Office Hours: Tutorial time and by appt
Room: 6066A LSK
2
You?
First/Second major in E