本次英国作业案例分享主要为公司财务相关的作业代写限时测试
A节–回答所有问题。每个问题只有一个正确的答案
回答。每个问题都具有同等的重要性。
1.以下哪些是导致吉百利报告的驱动力？
I.“创意会计”的增加。
二。由股东承担的双重征税。
三，经理们着眼于长期目标的行动。
IV。大量备受瞩目的业务失败。
选择最合适的答案：
答：我和四。
B.一，二和三。
C. I，III和IV。
D. I，II，III和IV。
2.以下哪一项不是股票市场效率的类型？
A.分配效率。
B.成本效益。
C.定价效率。
D.运营效率。
3.计算以下项目的最坏情况下的NPV。
最坏的情况
销量90万
价钱80p
初始投资85万英镑
项目寿命4年
折现率17％
人工成本22便士
物料成本45p
架空11p
英镑-553756英镑
B.-£782 626
C.-£399 100
D.-£1 118 078
4.如果市场投资组合的风险溢价为9％，则年度风险溢价很小
公司股份相比大公司股份为2％，额外收益
账面市值比高的市场份额与账面价值低的市场份额相比
市场占有率为3％。无风险利率为7％。公司股份很高
对市场波动敏感，因此它们的β值为1.5。对尺寸的敏感性
SMB（小企业的投资组合收益与
大公司的投资组合）很小，β为-0.02。对HML的敏感性（
价值公司的投资组合与价值公司的投资组合之间的差异。
成长型公司）为0.25。预期风险溢价是多少？
A.12.21
B.21.21
C.21.12
D.12.12
SECTION A – Answer ALL questions. Each question has only ONE correct
answer. Each question carries equal weight.
1. Which of the following are the driving forces that led to Cadbury report?
I. An increase in “creative accounting”.
II. Double taxation endured by shareholders.
III. Managers actions that focus on long term goals.
IV. High number of high-profile business failures.
Choose the most appropriate answer:
A. I and IV.
B. I, II and III.
C. I, III and IV.
D. I, II, III and IV.
2. Which of the following is NOT a type of stock market efficiency?
A. Allocation efficiency.
B. Cost efficiency.
C. Pricing efficiency.
D. Operational efficiency.
3. Calculate the NPV for the worst case scenario for the following project.
Worst Case Scenario
Sales 900 000 units
Price 80p
Initial Investment £850 000
Project Life 4 years
Discount rate 17%
Labour cost 22p
Material cost 45p
Overhead 11p
A. -£553 756
B. -£782 626
C. -£399 100
D. -£1 118 078
4. If the risk premium on market portfolio is 9%, annual risk premium of small
company shares compared to large company shares is 2%, the extra return
received on a share with high book to market ratio compared with low book to
market ratio is 3%. The risk free rate stands at 7%. The company shares are highly
sensitive to market movements thus they have a high β of 1.5. Sensitivity to size
SMB (the difference between the returns of portfolios with small firms and
portfolios with large firms) is small and the β is -0.02. Sensitivity to HML (the
difference between the returns of portfolios with value firms and portfolios with
growth firms) is 0.25. What is the expected risk premium?
A. 12.21
B. 21.21
C. 21.12
D. 12.12