hnd投资学题目new

《hnd投资学题目new》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。

1、1.Alistairtellsyouthatwhenhewasaskedtochooseagovernmentsecurityhecouldnotdifferentiateonefromanother.Thetwothathisfatherhadsuggestedwere:(a)8%TreasuryStock2015(hiseventualchoice)(b)2½%IndexLinkedStock2011ExplaintoAlistairthemainfeaturesofeachoftheabove.2.Alistairhasreceivedhis

2、ContractNotedetailinghisrecentpurchaseofgilts.Heisunclearastohowthecostofthegiltswascalculatedbyhisbroker.Usingthefollowinginformationcalculatesthecostofthepurchase:♦thepurchasetookplaceonthe4May♦theinterestispaidhalfyearlyon22Februaryand22August♦ignorebrokeragefeesinyourcalcu

3、lation3.Alistairhasrecentlyinheritedthesharesinhisportfoliofromhislateaunt.Hehasnoknowledgeoftheirfeatures.Explainthemainfeaturesofboththecategoriesofsharesheholdsinhisportfolio.4.AlistairhasreceivednotificationfromAlphaplcthattheyintendtomakea1for4rightsissue.AlthoughAlistair

4、isawareofwhatarightsissueis,hedoesnotunderstandthefinancialimplicationsoftheissue.Calculatethetheoreticalex-rightspriceoftheissuebasedonarightspriceof240pandacurrentmarketvalueof280p5AlistairreferstotherecentlyreceivedsetofcompanyaccountsfromBetaplc.Headmitstohavingsomedifficu

5、ltyinunderstandingthefinancialinformationthatthecompanyprovidesandasksyoutoexplainhowthefollowingratioswerecalculated,basedonthisextractfromtheaccounts.(a)Earningsyield(b)Price/earningsratioBetaplcExtractfromtheProfitandLossAccount—Yearended31December2002£mTurnover370(Costofsa

6、les)(160)Operatingprofit210(Operatingcosts)(90)Profitbeforetaxation120Taxation(30)Profitaftertaxation90Dividends(20)Retainedearnings70Profitandlossbroughtforward210Profitandlosscarriedforward280Youareawarefromtheaccountsthatthecompanyhasanissuedsharecapitalof180millionsharesof

7、25peachandthatthemarketsharepriceon31December2002stoodat160p.6DuetothedifficultiesthatAlistairishavinginunderstandingthecompanyaccountsheasksifyoucanrecommendanyalternative,andmoreeasilyunderstood,waysinwhichhecankeepup-to-datewiththeperformanceofhisshares.(a)Statefoursources,

8、otherthancompanyaccounts,thatAlistairmayfindusefulinkeepingup