...BUSINESS FINANCE FINS1613 Tutorial Week 8 Risk & Return Basics 1 CONTACT DETAILS Your Tutor + Tutor‐in‐Charge: Peter Andersen peter.andersen@unsw.edu.au 2 FINS1613 — Peter Kjeld Andersen (2013‐S2) CHAPTER 10: PROBLEM 1 Q. Suppose a share had an initial price of $78, paid a dividend of $1.25 per share during the year and had an ending share price of $87. Compute the percentage total return. Return(%) A. Capital Gain/Loss Dividend Initial Price $1.25 $87 $78 13.14% $78 3 FINS1613 — Peter Kjeld Andersen (2013‐S2) CHAPTER 10: PROBLEM 2 Q. What was the dividend yield in the previous problem? What was the capital gains yield? Dividend Yield(%) A. $1.25 Dividend $78 Initial Price 1.60% Capital Gains Yield(%) Capital Gain/Loss Initial Price $87 $78 11.54% $78 Return(%) Capital Gains Yield(%) Dividend Yield(%) 11.54% 1.60% =13.14% 4 FINS1613 — Peter Kjeld Andersen (2013‐S2) CHAPTER 10: PROBLEM 3 Q. Rework Problems 1 & 2 assuming that the ending share price is $71. A. Dividend Yield(%) $1.25 Dividend $78 Initial Price 1.60% Capital Gains Yield(%) Capital Gain/Loss Initial Price $71 $78 8.97% $78 Return(%) Capital Gains Yield(%) Dividend Yield(%) 8.97% 1.60% = 7.37% Capital Gain/Loss Dividend $71 $78 $1.25 or.... 7.37% Initial Price $78 5 FINS1613 — Peter Kjeld Andersen (2013‐S2) CHAPTER 10: PROBLEM 4 ...
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...Student Name: Student ID Number: THE UNIVERSITY OF NEW SOUTH WALES FINS1613 BUSINESS FINANCE FINAL EXAM OCTOBER / NOVEMBER 2009 (1) (2) (3) (4) TIME ALLOWED - 2 HOURS TOTAL NUMBER OF QUESTIONS – 50. ANSWER ALL QUESTIONS. ALL QUESTIONS ARE OF EQUAL VALUE. THERE IS NO NEGATIVE MARKING. THIS PAPER MUST NOT BE RETAINED BY THE CANDIDATE. CANDIDATES NEED TO BRING A PENCIL AND ERASER TO THE EXAMINATION. CANDIDATES NEED TO BRING A UNIVERSITY APPROVED CALCULATOR TO THE EXAM. MATHEMATICAL TABLES ARE PRINTED AT THE BACK OF THIS EXAM PAPER. (5) (6) (7) (8) PRINT YOUR STUDENT NUMBER ON THE TOP RIGHT HAND CORNER OF THIS PAGE. ANSWER ALL QUESTIONS ON THE ANSWER SHEET PROVIDED. ALL ANSWERS MUST BE IN PENCIL. FINS 1613 Final Exam 1 T2 2009 Multiple Choice - 50 Questions: 1 mark each. 1) If a firm follows a residual dividend policy, they will give precedence to: a) b) c) d) e) maintaining their desired debt-equity ratio over paying dividends paying a constant dividend over increasing retained earnings paying dividends over accepting positive investments maintaining a constant level of debt before paying dividends avoiding dividend cuts over changing the debt-equity ratio 2) An investment project is most likely to be accepted by the payback period rule and not accepted by the NPV rule if the project has a) b) c) d) e) a large initial investment with moderate positive cash flows over a very long period of time. a very large negative cash flow at the termination...
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...FINS1613 Business Finance Semester 2 – 2009 Version 1.0.0 12th October 2009 Contents Page 3 Page 7 Page 10 Page 14 Page 18 Page 23 Page 26 Page 29 Page 32 Page 38 Page 42 Basic Concepts Introduction to Financial Mathematics The Valuation of a Firm’s Securities Capital Budgeting Capital Budgeting Applications – Part 1 Capital Budgeting Applications – Part 2 Risk and Return The Capital Asset Pricing Model Cost of Capital and Raising Capital Capital Structure Dividend Policy Note: This course has prerequisites and, as such, these notes are written assuming that you have sound knowledge from those prerequisite courses. Business Finance– Semester 2 2009 2 Basic Concepts Basic Concepts Background Before we delve into the harder components of business finance, it is imperative that we learn the basics first. Types of Business Forms If you have previously studied Business Studies for the HSC, you can skip this section. Businesses are usually formed based on a set structure. The most common of these are: • Sole Proprietorships This is where the business is owned by a single person. It is very simple, fast to establish and generally has very minimal government regulations. The owner gets to keep all the profits himself so there is incentive to work harder. The downside is that it has unlimited liability (where if the business goes bankrupt, everything the owner owns can be taken by creditors). There is also difficulty in raising large sums of money as you are a single...
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...A s ae o . s h r d n. . Practice Questions for Final Exam by Kyung Hwan Shim University of New South Wales Australian School of Business School of Banking & Finance for FINS 1613 S1 2010 June 7, 2010 ∗ These notes are preliminary and under development. They are made available for FINS 1613 S1 2010 students only and may not be distributed or used without the author’s written consent. ∗ 1 A s ae o . s h r d n. . Problems on Raising Capital and Venture Capital John is the founder of Prospects Technologies. Prospects is a high technology firm with great prospects. In 1999, John needed capital to finance growth. SkyHigh Venture Capital was willing to provide John with $1M for a 35% stake of the firm value. John accepted SkyHigh’s offer. (a) What was Prospects’ firm value after SkyHigh VC’s financing? (b) What was John’s stake and what was it worth after the financing? (c) What was the firm value after the 2nd round of financing? (d) What were John’s and SkyHigh VC’s stake in the firm after the 2nd round of financing and how much were they worth? Comment on your results. Problems on Raising Capital and IPO John, Skyhigh and 2ndRound VC decided in 2003 to undergo an IPO. The IPO was intended to raise $10M by floating 1M shares corresponding to 1/2 of Prospects’ stake. The issue price was set to be $12 per share. The underwriting fees were $2M. On the day of the IPO, the stock price closed at $15. (e) What was the IPO spread per share? (f ) What was the...
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...Test Bank True/false questions Multiple choice questions Problems to accompany Multinational Finance by Kirt C. Butler Third Edition PART I Overview and Background Chapter 1 An Introduction to Multinational Finance True/False 1. MNCs have investment or financial operations in more than one country. ANS: True. 2. Because of globalization in the world’s markets, a multinational financial manager is more likely than a domestic financial manager to specialize in finance to the exclusion of other fields of business. ANS: False. The multinational financial manager must be well versed in each of the business disciplines in which the MNC is involved. 3. The domestic financial manager must be knowledgeable in several areas within finance, whereas the multinational financial manager usually specializes in a single area, such as corporate finance, investments, or financial markets. ANS: False. The multinational financial manager is likely to require knowledge of several fields within finance. 4. The investment opportunity set is the set of investments available to the corporation; that is, the set from which the company must select. ANS: True. 5. Types of market efficiency used to describe the performance of financial markets are allocational, operational, and transactional efficiency. ANS: False. Three types of market efficiency are allocational, operational, and informational. 6. An informationally efficient market...
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...Australian School of Business School of Banking and Finance FINS 2624 Portfolio Management Course Outline Semester 2, 2012 Part A: Course-Specific Information Part B: Key Policies, Student Responsibilities and Support Table of Contents 0 PART A: COURSE-SPECIFIC INFORMATION 1 2 2.1 2.2 2.3 2.4 2.5 3 STAFF CONTACT DETAILS COURSE DETAILS Teaching Times and Locations Units of Credit Summary of Course Course Aims and Relationship to Other Courses Student Learning Outcomes LEARNING AND TEACHING ACTIVITIES 1 1 1 1 1 1 2 2 3 3 4 4 4 5 6 6 5 6 7 1 2 2.1 2.2 2.3 2.4 2.5 3 4 COURSE RESOURCES COURSE EVALUATION AND DEVELOPMENT COURSE SCHEDULE ACADEMIC HONESTY AND PLAGIARISM STUDENT RESPONSIBILITIES AND CONDUCT Workload Attendance General Conduct and Behaviour Occupational Health and Safety KeepingInformed SPECIAL CONSIDERATION AND SUPPLEMENTARY EXAMINATIONS STUDENT RESOURCES AND SUPPORT 7 7 8 1 1 1 1 1 2 2 2 2 4 3.1 Approach to Learning and Teaching in the Course 3.2 Learning Activities and Teaching Strategies 4 ASSESSMENT 4.1 Formal Requirements 4.2 Assessment Details 4.3 Late Submission PART B: KEY POLICIES, STUDENT RESPONSIBILITIES AND SUPPORT PART A: COURSE-SPECIFIC INFORMATION 1 STAFF CONTACT DETAILS Lecturer-in-charge: Joakim Bang Room 311 Phone No: 9385 55484 Mobile: 04 0870 7830 (please keep it roughly within office hours) Email: j.bang@unsw.edu.au Consultation Times: Mondays 15:00 to 17:00, ASB 311. That's in my office in the west wing of the ASB building. Please...
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...UNSW Business School FINS1613: Business Finance Semester 1 2014 Tutorial Quiz 1: Question Bank Name: STUDENT NAME Student number: STUDENT NUMBER Tutorial: TUTORIAL Quiz 1 will consist of 12 questions. On the actual quiz, the majority of the questions (if not all) will selected from the questions below. The selected question will have different input values, which will be randomly generated. You will be provided with the following instructions and annuity table during the quiz. Instructions: 1. You must complete a Generalised Answer Sheet for this exam. (a) Complete the top portion of the sheet, providing your family name, initials, and student number. (b) If you are taking a quiz marked Extra, record the quiz number under Other Data. If you are taking a quiz preprinted with your student information, leave Other Data blank. (c) Answer all questions using the generalised answer sheet. Clearly fill in the response oval using a 2B pencil. 2. You must not retain any part of this examination document. All examination materials including this document must be submitted at the completion of the examination, otherwise your exam will not be marked. 3. All exams are unique and linked to your student number. Sign below to confirm that your name and student number listed above are correct. Signature: Information: 1. Time allowed: 45 minutes 2. Grading: (a) Total marks available: 100 marks (b) This examination paper consists of 12 (twelve) multiple choice...
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...Australian School of Business Banking and Finance FINS3625 Applied Corporate Finance Course Outline Semester 1, 2014 Part A: Course-Specific Information Part B: Key Policies, Student Responsibilies and Support Table of Contents PART A: COURSE-‐SPECIFIC INFORMATION 1 STAFF CONTACT DETAILS 1.1 Communication with Staff 2 COURSE DETAILS 2.1 Teaching Times and Locations 2.2 Units of Credit 2.3 Summary of Course 2.4 Course Aims and Relationship to Other Courses 2.5 Student Learning Outcomes 3 LEARNING AND TEACHING ACTIVITIES 3.1 Approach to Learning and Teaching in the Course 3.2 Learning Activities and Teaching Strategies 4 ASSESSMENT 4.1 Formal Requirements 4.2 Assessment Details 4.3 Assessment Format 4.4 Assignment Submission Procedure 4.5 Late Submission 5 COURSE RESOURCES 6 COURSE EVALUATION AND DEVELOPMENT 7 COURSE SCHEDULE PART B: KEY POLICIES, STUDENT RESPONSIBILITIES AND SUPPORT 8 PROGRAM LEARNING GOALS AND OUTCOMES 9 ACADEMIC HONESTY AND PLAGIARISM 10 STUDENT RESPONSIBILITIES AND...
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...Student Name: Student ID Number: THE UNIVERSITY OF NEW SOUTH WALES JUNE / JULY 2006 FINS1613 Business Finance – Final Exam (1) TIME ALLOWED - 2 hours (2) TOTAL NUMBER OF QUESTIONS - 50 (3) ANSWER ALL QUESTIONS (4) ALL QUESTIONS ARE OF EQUAL VALUE. (5) THIS PAPER MAY NOT BE RETAINED BY CANDIDATE (6) CANDIDATES MAY BRING A PENCIL AND ERASER TO THE EXAMINATION. CANDIDATES MAY NOT BRING THEIR OWN CALCULATORS (7) THE FOLLOWING MATERIALS WILL BE PROVIDED BY THE EXAMINATIONS SECTION: Calculators, and Mathematical tables (PV and FV) PRINT YOUR STUDENT NUMBER ON TOP RIGHT HAND CORNER ANSWER ALL QUESTION ON THE PROVIDED ANSWER SHEET ALL ANSWERS MUST BE ANSWERED IN PENCIL. FINS 1613 Final Exam 1 S1 2006 Multiple Choice - 50 Questions: 1 mark each No negative marking 1) Hiphop Limited must choose between one of two mutually exclusive projects. • Project A has an up-front cost (t = 0) of $120,000, and it is expected to produce cash inflows of $80,000 per year at the end of each of the next two years. Two years from now, the project can be repeated at a higher up-front cost of $125,000, but the cash inflows will remain the same. • Project B has an up-front cost of $100,000, and it is expected to produce cash inflows of $41,000 per year at the end of each of the next four years. Project B cannot be repeated. Both projects have a cost of capital of 10 percent. Hiphop wants to select the project that provides the most...
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...Accredited Tertiary Courses Listing 2012 Accredited Tertiary Courses Listing 2012 – as at 26 September 2012 1 2012 Accredited Undergraduate Courses AUSTRALIAN CAPITAL TERRITORY The Australian National University University of Canberra NEW SOUTH WALES Australian Catholic University Australian Institute of Higher Education Avondale College Charles Sturt University Kings Own Institute Macquarie University Southern Cross University Top Education Institute The University of New England The University of New South Wales The University of Newcastle The University of Sydney University of Technology, Sydney University of Western Sydney University of Wollongong Williams Business College NORTHERN TERRITORY Charles Darwin University QUEENSLAND Australian Catholic University Bond University Central Queensland University Christian Heritage College Griffith University James Cook University Queensland University of Technology The University of Queensland The University of Southern Queensland University of the Sunshine Coast SOUTH AUSTRALIA Flinders University Kaplan Business School The University of Adelaide University of South Australia Open Universities (conferred by Uni of SA) TASMANIA University of Tasmania VICTORIA Australian Catholic University Cambridge International College Carrick Higher Education Deakin University Holmes Institute Holmesglen Institute of TAFE La Trobe University Melbourne Institute of Technology Monash University Northern Melbourne Institute of TAFE RMIT...
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...| | | |Equivalent Modules Master List |Equivalent courses offered at Aalto University, School Of Economics. | | | | | |Courses offered are subject to changes. | | |Updated information on the courses will be sent to successful candidates by Aalto | | |University, School Of Economics. | | | | | |*The same course can be transferred only as 1 course. | |First Level Modules | | |ACC1006 Accounting Information Systems |International...
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