iExaminers’ commentaries 2011 Examiners’ commentaries 2011 23 Investment management Important note This commentary reflects the examination and assessment arrangements for this course in the academic year 2010–11. The format and structure of the examination may change in future years‚ and any such changes will be publicised on the virtual learning environment (VLE). Specific comments on questions – Zone A Candidates should answer FOUR of the following EIGHT questions. All questions carry equal
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Investment Theory and Strategies A. Passive vs. Active Strategy i. Passive One of the most profound ideas affecting the investment decision process‚ and indeed all of finance‚ is the idea that the securities markets‚ particularly the equity markets‚ are efficient. In an efficient market‚ the prices of securities do not depart for any length of time from the justified economic values that investors calculate for them. Economic values for securities are determined by investor expectations about earnings
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1.0 Introduction Convenience store (or known as mini-markets) according to Cambridge Business English Dictionary is a store that sell foods and sometime other goods but the size is typically below supermarket. 99 Speedmart is convenience store that based in Malaysia and they have over 300 outlets around Klang Valley. Three distribution centers have been set up to smooth their logistics and the latest distribution is located at Balakong Jaya. However‚ 99 Speedmart is not a solo-player in retailing
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lacked the knowledge of how to make sound investment decisions on their own. And instead they blindly put their trust in the tips and techniques for investing that are doled out based on hype‚ based on emotion or based on following the rest of the crowd. Perhaps one of the most important skills you will ever learn throughout your life is to learn how to invest your money. After all‚ money is what makes the world go around‚ doesn’t it? You need money to take care of your basic needs. You need
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A positive relationship is a relationship that benefits children or young people to participate in and benefit from the setting. Effective communication is the key aspect of building a relationship between children‚ young people or adults. Body language‚ tone of voice and eye contact can tell us a lot about a person and also helps us determine how we are going to respond appropriately. Within the classroom we need to communicate effectively as we will come across a lot of different people with different
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and physical examination. The usefulness of evidential matter is often rated based on its source. The following presumptions can be used: Independent sources provide greater assurance than those secured solely from within the entity. The more effective the internal controls‚ the more assurance it provides about the reliability of the accounting data. Direct personal knowledge through physical examination‚ observation‚ computation and inspection is more persuasive than information obtained indirectly
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the interest rates on AAA corporate bonds and U.S. Treasury notes? 3. Your father is about to retire. His firm has given him the option of retiring with a lump sum of $50‚000 in ten years or an annuity of $8‚000 for ten years. Which is worth more now‚ if the discount rate is (a) 6% (b) 19%? 4. Suppose you open a saving account with $1‚800 earned in a summer job. The account’s stated interest rate is 11%. Calculate effective annual rate (EAR) if interest is paid (a) semiannually‚ (b) quarterly
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Make Cents The prominent topic environmentalists have been accentuating over the years throughout our nation is the goal to save money while saving the environment. It is a win-win situation for our pockets and for Mother Nature. The types of pollution that humans create in our lifetime has forced negative long lasting effects in our world. “An average American’s carbon footprint exceeds 20 tonnes. That is 1540 tons of carbon‚ 5 times more than a Frenchman and 20 times more than a person staying
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USING PROJECT FINANCE TO FUND INFRASTRUCTURE INVESTMENTS Throughout most of the history of the industrialized world‚ much of the funding for large-scale public works such as the building of roads and canals has come from private sources of capital. It was only toward the end of the 19th century that public financing of large “infrastructure” projects began to dominate private finance‚ and this trend continued throughout most of the 20th century. Since the early 1980s‚ however‚ private-sector
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Chapter 6 IT Infrastructure and Platforms As information becomes a valuable resource of the digital firm‚ the infrastructure used to care for the resource takes on added importance. We’ll examine all of the components that comprise today’s and tomorrow’s IT Infrastructure and how best to manage it. 6.1 IT Infrastructure When you mention the phrase "information technology infrastructure‚" most people immediately think of just hardware and software. However‚ there is more to it than just those
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