Alberto89 asked us forum and we extend this question in the blog , how is the review of Financial Management 1, Administration and Management at Zaragoza, we failed to convey a response, but after making the examination he has sent questions to all who ask again can be answered.
believe that knowing the questions in a previous review greatly helps prepare to pass the course, although this is not enough not to need to practice more or do not attend school.
You can download the review in Word format at this link: Review of Financial Management Questions 1. 1 st Call. 1910-1911 Course
Financial Management Review from 2010 to 2011 Round 1: 20-January 2011
(more information to see the full review)
(more information to see the full review)
THEORY: 4 Questions
- 3 successes: 1.25 points
- 2 hits: 0.75 points
- Rest : 0 points
1) A company has 3 possible projects to be undertaken and whose cost of capital is 10%:
| Projects | Co | R1 | R2 | R3 | R4 |
| A | - 5000 | 1000 | 1000 | 3000 | 0 |
| B | -1000 | 0 | 1000 | 2000 | 0 |
| C | -5000 | 1000 | 1000 | 3000 | 5000 |
A) The subset of acceptance projects will be identical whether the company uses as Payback Payback granted.
B) If you use the discounted payback may be able to reject projects with positive NPV.
C) Payback If you use you may be able to accept projects with positive NPV.
2)
A) The Sharpe efficient portfolios are always placed above those of Markovitz.
B) The efficient portfolio will always be the one with the least possible risk.
C) In Markovitz Sharpe as the minimum risk portfolios with the match.
3) A company has an EBIT of 100 um, and has two structures in which the financial profitability of both matches. If the cost of borrowed funds is 10%, the tax rate is 20%, total assets are 1000 and the debt level for the structure I is 1.50 and for the structure II is 0.6666:
A) For this benefit, the debt level will not affect financial performance.
B) For this level of benefit, financial return will be 10%.
C) For the benefit level, financial performance is independent of t.
4)
CAPM A) The factors both economic and financial structure of the company do not affect the expected return.
B) By increasing the risk premium, the expected return will not be modified.
C) By increasing the risk free return, the returns anticipated increase.
PRACTICE: 2 questions
Rating: 3 answers justified: 2.5 points
2 answers justified: 1.5 points
Others: 0.5 points.
1) A company has a portfolio with two securities, A and B, with a weighting 50% of each.
Risk βp = 0.8 A = 4% ; B = 9% risk Market risk: 5.078%
A) If the bonds have a zero correlation, the total risk portfolio is 3.25%
B) If bonds have a zero correlation, the portfolio is well diversified.
C) If titles have a perfect negative correlation, the specific risk will be 1.1172%
2) A company invests 2000 um and expected over 4 years of income: Year 1 Year 2 -3500: 1000 Year 3 4000 Year 4: 2000
Knowing that the risk-free return is 4%, profitability of the market is 13% and that the company has a structure of 45% equity and 55% bonds. In addition, it is known that the sensitivity to the equity is 1.5 and the sensitivity to external resources is 0.1.
A) As an investment is not simple, the IRR criterion is inconsistent. (if not analytical reasoning, maximum 3 lines) .
B) the project was rejected because the IRR is approximately 10.136%
C) ; Although the sensitivity to decrease debt and equity, this would not affect the NPV and therefore would still reject the project.
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