FTX3044F
FINANCE IIA
Memorandum
SECTION A: DEFINITIONS & DISCUSSION
[40 MARKS]
QUESTION 1
Define the following concepts.
REQUIRED:
a)
b)
c)
d)
e)
Intrinsic value.
Colocation.
IPO.
Dark pool.
Sector ro
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 dec
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
Ri
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 d
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 E
MAM1005H Workshop 18
1.
2m
4m
1(a) V = l b h = 4 3 2 = 24m3
1(b) Total Surface Area = 2(3 4) + 2(4 2) + 2(3 2)
Top and
bottom
Front
and back
Two
sides
= 52m2
3m
1(c) Total length = (3 + 3 + 3 + 3) + (
PORTFOLIO THEORY
Question 1 [This questions covers CAPM]
Samantha is a portfolio manager at Capricorn Asset Management. She is using the CAPM
model to make recommendations to her clients. She has the
2014/03/20
Admin
Ignore the following:
Section 5.3; 5.8; 5.9;
Pg. 166 & 182
Selected Examples:
Recommended Questions 123 and CFA problems 111
Solutions are on Vula
Scope
APT
MultiFactor model
FTX3044F
Finance IIA
Chapter 1
Investment Ethics
Unethical examples:
Bernard Mado
Enron
Section 1
Standard 1: Professionalism
A: Knowledge of the Law
B: Independence & Objectivity
Understand and co
Investment Ethics
CFA Institute Code of Ethics

Six components:
1. Act with integrity, competence, diligence, respect towards other parties
2. Place integrity of profession and client interests above
Standard 4: Duties to Employers
A. Loyalty
Must act in interests of employer and not deprive employer of benefits of skills and efforts,
withhold information or cause harm to employer.
Guidance:
 Per
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
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
1
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)
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 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
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
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
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
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 kth term is 4 + (k 1)(3) = 3k + 1
and 3k + 1 = 100
3k = 99 and k = 33.
7; 9
Finance Notes: FTX3044F
TO NOTE: THE BOLD WRITING IS THE INFORMATION YOU DONT HAVE. THIS IS WHAT YOU NEED TO
ADD TO YOUR SLIDES.
PLEASE DO NOT USE THESE NOTES AS YOUR SOLE SOURCE OF COURSE MATERIAL.
W
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 subscriptio
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
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 nam
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 an
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 d
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 yearend and
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
Ri