Second Midterm Exam of Corporate Finance
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ScribdTranslationsSecond Midterm Exam of Corporate Finance
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ScribdTranslationsSECOND PARTIAL EXAM OF CORPORATE FINANCE (Lic.
Pablo
Calderón
QUESTION 1
a) Let's assume that the current risk-free rate is 7% and the risk premium of
The historical market is 8.5%. What is the expected return of Tricolor?
S.A. and its Beta = 0.8?
b) Perez & CIA wants to determine the performance of its financial asset 'Z' that
It has a Beta = 1.5. It was observed that the risk-free rate = 7%, while
the performance of the asset portfolio in the market = 11%. Calculate it.
performance.
QUESTION 2
Let's assume we are offered an investment project in which we have to
Invest $70,500 and we are promised that after this investment we will receive $25,000.
$19,500
year. Assuming that the discount rate of money is 2.2% per year. It is requested:
a) The NPV (Net Present Value) of the investment
b) What is the return on invested capital?
c) Is it advisable to make the investment?
QUESTION 3
a) What are the advantages and disadvantages of NPV?
b) What is the relationship between compound interest and present value?
QUESTION 4
Let's assume we have bought 2000 shares at $60 per share at the beginning of
year 2020 of 'Horizontes S.A.'. At the end of the year 2020, we want to know how it has
Our investment has performed. The company pays a dividend of $1.85 per share.
At the end of the year 2020, the stock price is $57.80 per share.
previous data is requested to calculate:
a) The total investment made
b) The dividends obtained at the end of the year 2021
c) The gain or loss of capital
d) The total profitability
e) Total cash from the sale of shares
f) Total profitability in percentage terms
QUESTION 5
a) What are the forms of market efficiency hypothesis? Explain.
b) What are the main aspects of investor behavior?
Explain.
QUESTION 6
Regarding the market opportunity line, we can state that:
a) Leveraged portfolios are not attractive to investors who feel
risk aversion.
b) No portfolio with zero risk can be configured.
c) The maximum return that can be obtained is the one that corresponds to the asset.
with risk.
d) None of the above options is correct.
QUESTION 7
Regarding the CAPM, we can affirm that:
a) All investors will have the same capital market line.
b) The market portfolio will be preferred over any other portfolio located in the
SML (security market line), because it is the only efficient portfolio.
c) An investor who has a propensity for risk will invest part of their budget
in the market portfolio and part in the risk-free asset.
d) None of the above options is correct.
QUESTION 8
Indicate which of the statements is correct:
a) The risk of an asset decreases as its liquidity increases.
The risk of an asset increases with its liquidity.
c) The profitability of an asset increases as its liquidity increases.
d) None of the above options is correct.
QUESTION 9
The return obtained from a financial asset that is amortized today and that is
acquired 3 years ago is equivalent to:
a) The expected mathematical expectation of the projected returns for each of the
possible scenarios.
b) The interests generated by said asset during the holding period regarding
the nominal of the title.
c) The income earned from this asset, including capital gains,
regarding the acquisition price of the title.
d) The interest generated by such asset, including capital gains,
regarding the amortization price of the bond.
QUESTION 10
The risk of a portfolio of financial assets:
a) It can be reduced to zero with perfect diversification of the assets that
they make up the portfolio.
b) It does not depend on the proportion of budget invested in each type of asset.
of those that make up the portfolio.
c) It depends on the correlation that exists between each pair of assets in the portfolio.
d) None of the above options is correct.
