Tutorial 10 (Solution): FTX 3044F
(Covers Chapters 9)
QUESTION 1 (11 Marks)
You are a portfolio manager in the employ of Crown Asset Management. Your company uses the CAPM model
as a basis for its decision-making. The following information is made availab

FTX3044F 2015 Tutorial 2
Due: Week beginning 2 March 2015
_
_
Question 1
Define the following concepts:
Introduction (this is in the context of equity issuing)
Offer for sale
Offer for subscription
Rights offer
Capitalization offer
(5 x 2 marks)
Introduct

FTX3044F Tutorial 3
Due: Week beginning 9 March 2015
_
_
Question 1
CFA Question:
Peninsular research is initiating coverage of a mature manufacturing industry. John Jones,
CFA, head of the research department, gathered the following fundamental industry

Enron scandal - Wikipedia, the free encyclopedia
Page 1 of 23
Enron scandal
From Wikipedia, the free encyclopedia
The Enron scandal, revealed in October 2001, eventually led to the bankruptcy of the Enron Corporation, an American
energy company based in H

MAM1005H Workshop 19 Solutions
3
1(a) f (x) = 4x 4 = 0 when x3 = 1, so x = 1 and y = 1.
First Derivative Test:
+
0
f
1
local minimum
at (1 ; 1)
2
Second Derivative Test: f (x) = 12x and f (1) = 12(1)2 > 0, so local minimum
at x = 1.
1(b) f (x) = 12x2 0 f

MAM1005H Workshop 22 Solutions
Let x2 5 = u
du
du
= 2 x and dx =
Then
dx
2x
1(a) ! 2 x( x 2 " 5) 4 dx
= ! 2x . u 4
!u
=
4
du
2x
du
u5
( x 2 ! 5) 5
+C =
+C
=
5
5
1(b)
! x( x
=
2
" 5) 4 dx
! x.u
4
Let x2 5 = u
du
du
= 2 x and dx =
Then
dx
2x
du
2x
1 4
u du

MAM1005H Workshop 24: Solutions
10
1(a)
f ( x) dx = F (10) F (7)
5 + 4 = F (10)
F (10) = 1
f ( x) dx = F (12) F (10)
4 + (1) = F (12)
F (12) = 3
f ( x) dx = F (12) F (2)
F (2) = 3 11
F (2) = 8
7
12
1(b)
10
12
1(c)
2
1(d) F (x) is increasing on (2 ; 7)

MAM1005H Workshop 16: Solutions
1. Answers will vary, but with the following conditions:
(a) Must be the product of two functions of x. For example: f ( x) = x 2e x
(b) Must be the composition of two functions of x. For example: f ( x) = e 2 x
(c) y is no

MAM1005H Workshop 20: Solutions
1. 4(7) + 7(9) + 10(11) + 13(13) + o + 100(71) =
4; 7; 10;is an AP with a = 4 and d = 3.
so k-th term is 4 + (k 1)(3) = 3k + 1
and 3k + 1 = 100
3k = 99 and k = 33.
7; 9; 11; is an AP with a = 7 and d = 2
so k-th term is 7 +

MAM1005H Workshop 23 Solutions
x 1
x 1
A
B
1(a) 2
=
=
+
( x + 2)( x + 1)
x + 2 x +1
x + 3x + 2
x 1 = A(x + 1) + B(x + 2)
If x = 1 then 2 = B B = 2
If x = 2 then 3 = A A = 3
3
x 1
2
2
dx = 3lnx + 2 - 2lnx + 1 + C
dx =
x + 3x + 2
x + 2 x + 1
5 x 12
A

MAM1005H Workshop 17: Solutions
1. Point of inflection at (1;6) means f (1)= 0
f ( x) = 3x 2 + 2ax + b
f ( x) = 6 x + 2a
f (1) = 6(1) + 2a = 0 so 2a = 6 and a = 3.
So f ( x) = x 3 3x 2 + bx + 1
Now (1;6) is a point on the graph of f so 6 = (1)3 3(1)2 + b(

MAM1005H Workshop 15 : Solutions
1(a) No! With side x, V = x3; with side 2x, V = (2x)3 = 8x3, so the volume is 8 times bigger.
dV
dx
1(b) V = x3
= 3x 2 .
dt
dt
dV
1(c)
= 3 52 0.3 = 22.5 cm 3 /s
dt
dV
dx dt
8
1(d)
= 2 =
= 0.106( cm/s
dt 3x
3 52
2. Let x =

FTX3044F 2017 PRACTICAL 3
Due: Week beginning 18 April 2017
(6 marks)
SA'S RESPONSE TO SOARING GLOBAL OIL PRICES
Spillover By Claire Bisseker
With oil heading for US$150/ barrel and the economy taking strain, SA is being forced to reassess its energyinten

2014/03/20
Risk Aversion and Capital Allocation to Risky
Assets
Administration
Ignore the following:
Section 6.3
Selected Examples:
Recommended Questions - 13 -19 and CFA 1-9.
Solutions are on Vula
Scope
APT
Multi-Factor model
Factor Beta
Multi-Fac

2014/04/09
EMH
Efficient Market Hypothesis (EMH)
EMH says stock prices already reflect all available
information
A forecast about favorable future performance leads
to favorable current performance, as market
participants rush to trade on new informatio

2014/03/20
Portfolio Theory and Practice
Equilibrium in Capital Markets
Lucian Pitt
Tel: 021 6504664
Email: [email protected]
Room: 4.74
Consultation: Formal Consultation hours are Tuesdays 14:00-16:00, but if you
need to chat at any time just send me

FTX3044F 2016 Tutorial 2
Due: Week beginning 29 February 2016
_
_
Question 1
Define the following concepts:
Introduction (this is in the context of equity issuing)
Offer for sale
Offer for subscription
Rights offer
Capitalization offer
(5 x 2 marks)
Quest

FTX3044F Tutorial 4
Due: Week beginning 16 March 2015
_
_
Question 1
ABC Ltd is currently trading at a price of R28 per share. You forecast that the share will
trade at a price of R30 by year-end and that a dividend of R2 will be paid during that
period.

FTX3044F 2016 Tutorial 1
Due: Week beginning 22 February
_
SOURCE: EXAM NOVEMBER 2015
PART A
(26 MARKS : 32 MINUTES)
Blue Bowl Ltd is an unlisted manufacturing company with a financial year ending 30 September. The
historical (actual) and forecast financi

FTX3044F
FINANCE IIa
TIME: 120 MINUTES
31 APRIL 2014
MARKS: 90
PLEASE READ THE FOLLOWING INSTRUCTIONS CAREFULLY:
1.
PLEASE DO NOT TURN THIS PAGE OVER UNTIL INSTRUCTED TO DO
SO.
2.
Ensure that your name and student number appears on the cover pages of
ALL

Question 1
CFA Question:
Peninsular research is initiating coverage of a mature manufacturing industry. John
Jones, CFA, head of the research department, gathered the following fundamental
industry and market data to help in his analysis:
Forecast industr

FTX3044F Tutorial 3
Due: Week beginning 9 March 2015
_
_
Question 1
CFA Question:
Peninsular research is initiating coverage of a mature manufacturing industry. John Jones,
CFA, head of the research department, gathered the following fundamental industry

FTX3044F Tutorial 4
Due: Week beginning 16 March 2015
_
_
Question 1
ABC Ltd is currently trading at a price of R28 per share. You forecast that the share will
trade at a price of R30 by year-end and that a dividend of R2 will be paid during that
period.

FTX3044F 2015 Tutorial 2
Due: Week beginning 2 March 2015
_
_
Question 1
Define the following concepts:
Introduction (this is in the context of equity issuing)
Offer for sale
Offer for subscription
Rights offer
Capitalization offer
(5 x 2 marks)
Question

Financial Mail - Reign of terror
Page 1 of 3
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The archives go back 14 years and are available free to print subscribers who have registered
online.
Cover Story
FM Fox
Money & Investing
Features
Issue
Archives
16 October 2009
REGAL TREASURY PR

BUS3044F 2015 Ethics Tutorial
Due: Week beginning 13 April 2015
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_
_
Note:
Questions 3 and 4 come from a previous years exam, and are therefore an indication of the type of
questions to expect in the exam.
Question 1
Mandla Mokoena is an analyst at Real