本次英国代写主要为金融相关的Open Book Assessment
IB1320金融基础第4级未完成书评估
指示
1.仔细阅读所有说明-至少通读整篇论文
在开始写作之前，请先单击一次。
所有学生都应回答：
B节中的问题B。回答此问题时，开始一个新页面。
C部分中来自C1，C2或C3的两个问题。
新页面。如果您回答了C节中的所有3个问题，那么仅前两个问题
将被标记（C1和C2）。
15位CATS学生只能回答：
A节中的所有简短回答问题。请使用单独的/新的页面
对于要上传到AEP的主文件中的每个问题。
2.您提交的答案不应超过要求的数量
问题。
3.问题的权重如下：
对于12名CATS学生，B部分带有100 * 1/3的分数，C部分带有
100 * 2/3标记。
对于15名CATS学生，A部分带有25分（每个问题2.5分）。
B部分带有25分，C部分带有50分。
A节
（25分–仅适用于15名CATS学生）
对于您要上传到主文件中的主文件中的每个问题，请使用单独的/新的页面
AEP。
问题A1
请在不超过五行中解释持有期收益的概念，以及与收益率之间的关系
货币的未来价值（您无需写下公式）。
[2.5分]
问题A2
请在不超过五行中说明风险中性和规避风险之间的区别，
以及为什么这种差异对选择适当的资本成本很重要。
[2.5分]
问题A3
请在不超过五行中说明为什么在不完善的市场中公司可能会支付股息，
尽管这些税收效率很低。
[2.5分]
问题A4
请在不超过五行中解释权衡型经理在选择债券时面临的问题
股权投资机会。
[2.5分]
问题A5
请在不超过五行中解释为什么理性投资者应该持有市场投资组合。
[2.5分]
问题A6
请在不超过五行中说明如何使用期权对冲股票风险
价格波动。
问题A7
请在不超过五行中说明为什么加权平均资本成本仍然存在
市场完美时保持不变。
[2.5分]
问题A8
请在不超过五行中讨论如何使用资本资产测试市场效率
定价模型。
[2.5分]
问题A9
请在不超过五行中讨论使用NPV相对于-的优点和缺点
相对于IRR的资本预算。
[2.5分]
问题A10
请在不超过五行中讨论诸如通胀，交易成本，
税收可能会影响资本成本。
[2.5分]
IB1320 Foundations of Finance LEVEL 4 Open Book Assessment
Instructions
1. Read all instructions carefully – and read through the entire paper at least
once before you start writing.
ALL STUDENTS should answer:
Question B in Section B. Start a new page when answering this question.
TWO questions from either C1, C2 or C3 in Section C. Start each answer on a
new page. If you answer all 3 questions in Section C, then only the first two
will be marked (C1 and C2).
15 CATS STUDENTS ONLY should answer:
ALL short-answer questions in Section A. Please use a separate/new page
for each question within the main file you intend to upload to the AEP.
2. You should not submit answers to more than the required number of
questions.
3. The weighting of questions is as follows:
For 12 CATS Students Section B carries 100*1/3 marks and Section C carries
100*2/3 marks.
For 15 CATS Students Section A carries 25 marks (2.5 marks per question).
Section B carries 25 marks and Section C carries 50 marks.
SECTION A
(25 marks – for 15 CATS students ONLY)
Please use a separate/new page for each question within the main file you intend to upload to the
AEP.
Question A1
Please explain in no more than five lines the concept of holding period return, and how this relates
to Future Values of Money (you don’t need to write down the formula).
[2.5 mark]
Question A2
Please explain in no more than five lines the difference between risk neutrality and risk aversion,
and why this difference matters for the choice of the appropriate cost of capital.
[2.5 mark]
Question A3
Please explain in no more than five lines why in imperfect markets firms might pay dividends,
despite these being tax-inefficient.
[2.5 mark]
Question A4
Please explain in no more than five lines the trade-off managers face in choosing bonds vis-à-vis
equity to fund investment opportunities.
[2.5 mark]
Question A5
Please explain in no more than five lines why rational investors should hold the market portfolio.
[2.5 mark]
Question A6
Please explain in no more than five lines how options can be used to hedge against the risk of stock
price fluctuations.
Question A7
Please explain in no more than five lines why the Weighted Average Cost of Capital remains
constant when markets are perfect.
[2.5 mark]
Question A8
Please discuss in no more than five lines how market efficiency can be tested with the Capital Asset
Pricing Model.
[2.5 mark]
Question A9
Please discuss in no more than five lines the advantages and disadvantages of using the NPV vis-à-
vis the IRR in capital budgeting.
[2.5 mark]
Question A10
Please discuss in no more than five lines how market imperfections like inflation, transactions costs,
and taxes may affect the cost of capital.
[2.5 mark]