5-12
Mean-Variance Criterion MVC Coefficient of VariationCV
BC CD DE BE CE
50%
A B C D E
5.7 18.3 16.8 21.5
14.6 14.3 10.9 13.3
BC = 0.6 CD
40.1 11.7 = 0.5 DE = 0.2 BE = 0.8 CE = 0.7
95

27/03/12
Industry on Campus Program
Risks of Financial Intermediation
and Risk Management (DRP)
Week 4: Price Waterhouse
Cooper
Tuesday March 27 12.00 pm Careers at PWC
Information session run by PWC LT11 (B.1.20)
soft drink will be provided
Topic 4
Di T

Introduction to Property MMP111
Trimester 1
Week 1
Welcome to MMP111
Introduction to Property
Lecturer
Professional
Qualifications
Dr Phillip Dare & Professor Richard Reed
Industry Experience
Certificate of Business Studies Real Estate
Advanced Certificat

MAF307 Equities and Investment Analysis
T1 2016 Week 6
Tutorial Solutions
Chapter 11
4. Market value = 10 + 90 50 = 50 million
Book value = 10 + 60 40 = 30 million
Market value to book value = 50/30 = 1.6667
7. Price with no growth = 6/0.12 = 50
g = 0.60

MAF307 Equities and Investment Analysis
T1 2016 Week 9
Tutorial Solutions
Chapter 8 (Old Book)
9.
a.
25.00
Optimal CAL
20.00
P
Stocks
15.00
10.00
Gold
5.00
0.00
0
10
20
30
40
Standard Deviation(%)
Even though it seems that gold is dominated by stocks, gol

MAF307 Equities and Investment Analysis
T1 2016 Week 7
Tutorial Solutions
Chapter 6 (Old Book)
1.
a.
The expected cash flow is: (0.5 x $70,000) + (0.5 x 200,000) = $135,000
With a risk premium of 8% over the risk-free rate of 6%, the required rate of retu

MAF307 Equities and Investment Analysis
T1 2016 Week 2
Tutorial Solutions
Chapter 1
4.
Real assets are assets used to produce goods and services. Financial assets are claims
on real assets or the income generated by them.
7.
a. The bank loan is a financia

MAF307 Equities and Investment Analysis
T1 2016 Week 1
Tutorial Solutions
1. An investor wants to have $25 million to retire 25 years from now. If she is planning
to invest a lump sum amount today, how much would she have to invest? The annual
rate of ret

MAF307 Equities and Investment Analysis
T1 2016 Week 10
Tutorial Solutions
Chapter 7
5.
If the beta of the security doubles, then so will its risk premium. The current risk
premium for the share is: (13% 7%) = 6%, so the new risk premium would be 12% and

MAF307 Equities and Investment Analysis
T1 2016 Week 3
Tutorial Solutions
Chapter 3
1.
An IPO is the first time a formerly privately owned company sells shares to the general
public. A placement is the issuance of shares by a company that has already unde

MAF307 Equities and Investment Analysis
T1 2016 Week 4
Tutorial Solutions
Chapter 12
1. A top-down approach to security valuation begins with an analysis of the global and
domestic economy. Analysts who follow a top-down approach then narrow their
attenti

MAF307 Equities and Investment Analysis
T1 2016 Week 5
Tutorial Solutions
Chapter 13
3. This transaction would increase the current ratio. The transaction reduces both current
assets and current liabilities by the same amount, but the reduction has a larg

MAF307 - Equity and Investment Analysis
Week 2 - Tutorial Questions and Solutions
Ch1. Questions: 4, 5, 6, 10, 12
Answers
4.
5.
a.
A fixed salary means that compensation is (at least in the short run) independent of
the firms success. This salary structur

Question 3
There are three steps to calculate intrinsic value of the firms.
For BHP:
We get the information from FinAnalysis, which dividend per share for BHP from 2008 to 2014 is
$0.755, $1.097, $0.996, $0.965, $1.099, $1.23 and $1.292. Earnings per shar

Full Company List
16/03/12 9:32 AM
Detailed company list
AUSTRALIAN AGRICULTURAL COMPANY LIMITED.
ASX code: >AAC
Industry classification: Food Beverage & Tobacco
Principal activities: Beef production
Previous day closing price: $1.31 Volume: 217,266
ADELA

Page for CC_P_COE Application.
5/03/12 10:49 PM
Confirmation of Enrolment
This page summarises your Enrolment for the current academic year.
These details were true as at 05-Mar-2012 22:48.
ESHBAN JUN ZHE LAI
23/14 SPRING ST
BOX HILL
VIC
3128
Academic Yea

MAE356 T1 2012 Support Workshop #2
Question 1:
Suppose we are interested in the result outcomes for students taking MAE356 this trimester. Let X
be a random variable which represents the final grade out of 100 for a single student. Assume X is
normally di

MAE356 T1 2012 Support Workshop #2
Question 1:
Suppose we are interested in the result outcomes for students taking MAE356 this trimester. Let X
be a random variable which represents the final grade out of 100 for a single student. Assume X is
normally di