Surname: ______________________ Given names: ___________________ Student ID number: ______________ Signature: ______________________
Q1 Q2 Q3 Q4
THE UNIVERSITY OF NEW SOUTH WALES SCHOOL OF BANKING AND FINANCE FINS2624 PORTFOLIO MANAGEMENT FINAL EXAMINATION – SESSION 2, 2010
1. Time allowed – 3 hours 2. Reading time – 10 minutes 3. This examination paper has 22 printed pages 4. There are two parts. Part A has 70 multiple-choice questions, 1 mark each. Part B has 4 short-answer questions and a total of 30 marks. The entire paper has 100 marks. 5. Answer all questions. 6. For Part A, mark the answers on the generalised answer sheet provided. For Part B, write the answers in the space provided in this examination question booklet 7. This paper must not be retained by candidate 8. Candidates may bring to the examination approved calculators 9. Candidates must not bring to the examination any notes or books 10. Print your name and student number, and sign the paper on the top left hand corner of this page.
The following equations are provided: U = E(r) – 0.005A2 Ct = StN(d1) – Xe-r(T – t)N(d2) 2 S ln t r T t X 2 where d1 ; d 2 d1 T t T t St is the current stock price at time t X is the exercise price r is the continuously compounded risk free rate per annum is the standard deviation of returns on the underlying stock T-t denotes the time remaining to maturity
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A s ae o . s h r d n. .
SECTION A - 70 Multiple-Choice Questions
(1 mark each)
Mark the answer to each question on the generalised answer sheet provided.
Refer to the following table for Questions 1 to 4. The table is extracted from the Reserve Bank of Australia website, http://www.rba.gov.au/Statistics/indicative.html, on Monday, 20 July 2009.
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