Go to the Internet and find a web site that will allow you to perform specific task (e.g., make a hotel reservation, order eye glasses, etc.). Develop a user documentation that will include enough information for the end-user to use the system, even if the end-user has never used the system before
22-5. If coffee suppliers are price takers, how will an unanticipated increase in demand for their product affect each of the following, in a market that was initially in long-run equilibrium?
26. Process through which large organizations identify, choose and evaluate among range of brands is classified as A.small buying B.procedure buying C.organizational buying D.large buying 27. Individuals who request need of purchasing something are classified as A.initiators B.users C.influencers D.providers 28. Buying mode in which buyer purchases products or services for very first time is classified as A.new task B.modified task C.straight task D.in-house task 29 Form of undersupply relative to an explicit or implicit contract is classified as A.self-serving B.opportunism C.reduced opportunities D.asset specify 30. Individual who shapes product specifications and plays role in negotiation are classified as A.buyers B.suppliers C.approvers D.providers
22. Kneelson and Botes Inc. (K&B) is a construction company that does road and bridge work for the state highway authority. The state government solicits bids on construction projects from private contractors. The winning contractor is chosen based on its bid price as well as its perceived ability to do the work.
Sophisticated contractors develop bids using capital budgeting techniques because most projects require cash outlays for hiring, equipment, and materials before getting started (C0). After that the state makes progress payments to cover costs and profits until the job is finished (C1 . . . . . Cn).
Contractors know that even after they’ve won a bid, realizing the planned prof-
its and cash flows isn’t assured in part because government budgets can change while construction progresses. If funding is up, officials tend to add to the work
originally ordered leading to increased profits and cash flows. But if funding is down, officials start to nit pick the contract looking for cost savings, which gener- ally leads to lower cash inflows. State budget projections are fairly good for a year or two, but tend to be inaccurate over longer periods.
K&B has been offered two, four-year contracts, but doesn’t have enough cash or management depth to take on both (mutually exclusive because of resource limitations). One project involves road repair, most of which will be done and paid quickly. The other requires working on a new bridge. The bulk of the cash inflows on bridge projects generally occur near completion.
K&B’s estimating department has put together the following projections of the two projects’ cash flows:
($000)
Road Repair Bridge Work
C0
($3,000)
($4,500)
C1
3,000
100
C2
2,000
2,000
C3
1,000
3,000
C4
100
4,500
K&B doesn’t know its exact cost of capital, but feels it’s between 10 and 15%.
This is not uncommon in smaller companies. (In Chapter 13 we’ll learn that estimating the cost of capital can be difficult and less than precise for firms of any size.)
The company has hired you as a financial consultant to make a recommendation as to which project to accept.
a. Calculate the payback period for both projects. Which does payback choose?
b. Calculate the IRR for both projects. Which does the IRR method choose? Is the choice clear or is it a close decision? Is the choice consistent with the result of the payback method?
c. Calculate NPVs for both projects for costs of capital from 10 to 15% in 1% increments. Then plot both projects’ NPV profiles on a graph similar to that shown in Figure 10.2 on page 435. Does the NPV method give a meaningful result? If so is it consistent with the results of the payback and IRR methods? Which method is theoretically the best? Does that help in this situation?
d. You must make a recommendation to K&B’s management regardless of any technical difficulties you’ve encountered. Provide another, less quantitative argument that tends to support one project over the other. (Hint: See question 6 on page 446 and Business Analysis 4 on page 447.)
e. What is your recommendation and why?
26. Suppose A negative cash flow represents the cost he has to pay out of pocket, and a positive cash flow represents the ben
Attachments:
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2214AFE Derivative Securities: Assignment questions Problem 1: Properties of Options (4 marks) Consider a four-month European call option on a dividend-paying stock. The stock price is $75, the strike price is $70, and a dividend of $1.50 is expected in three months. The risk-free interest rate is 8% per annum for all maturities. a. What is the lower bound for the price of this call? b. Assume that the call is currently selling for $3. Describe in detail with which strategy you can gain an arbitrage profit and how much this profit will be. Problem 2: Properties of Options (6 marks) The price of a European call that expires in six months and has a strike price of $50 is $5. The underlying stock price is $52, and a dividend of $1.00 is expected in three months. The term structure is flat, with all risk-free interest rates being 10%. a. What is the price of a European put option on the same stock that expires in six months and has a strike price of $50? b. Explain in detail the arbitrage opportunities if the European put price is $0.50. How much will be the arbitrage profit? Problem 3: Binomial Trees (5 marks) A stock price is currently $30. Over each of the next two three-month periods it is expected to go up by 8% or down by 10%. The risk-free interest rate is 5% per annum with continuous compounding. a. Use a two-step binomial tree to calculate the value of a six-month European put option with a strike price of $32. b. Use a two-step binomial tree to calculate the value of a six-month American put option with a strike price of $32. c. Use a two-step binomial tree to calculate the value of a six-month European call option with a strike price of $32. d. Show whether the put-call-parity holds for the European put and the European call. e. Calculate the deltas of the European put and the European call at the different nodes of the binomial three. Hint: You need to calculate three deltas for the call and three deltas for the put. Problem 4: Binomial Trees (5 marks) A stock price is currently $40. During each two-month period for the next four months it is expected to increase by 10% or decrease by 8%. The risk-free interest rate is 5%. Use a two-step tree to calculate the value of a derivative that pays off (max[(ST-35),0]) 2 where T S is the stock price in four months. a. Use no-arbitrage arguments (you need to show how to set up the riskless portfolios at the different nodes of the binomial tree). b. Use risk-neutral valuation. c. Verify whether both approaches lead to the same result. d. If the derivative is of American style, should it be exercised early? (continues on next page) Problem 5. Valuing Stock Options: The Black-Scholes-Merton Model (10 marks) This is a Bloomberg-based exercise. Before making any calculations, please do the following: ? Go to the Trading Room and login in Bloomberg (G42 2.16 at Gold Coast Campus and N50 0.32E at Nathan Campus). You can find the Trading Room timetable in the folder “Bloomberg Activities” under “Course Content” on L@G. In the same folder, you can also find materials which will be useful for your work with Bloomberg. ? Search for the share of Google (Bloomberg ticker: GOOGL). Download daily price data for the Google share price over the last 250 trading days. ? Go to the Options Monitor showing option contracts on the Google share (Use OMON ). ? Find the put and the call options with o Expiration in October 2017 and o Strike price $940 Make screenshot(s) showing the prices of these options. Hint: You can make screenshots and email them to yourself via GRAB . ? Use LR to obtain a LIBOR value for the same day as the option price data. Choose the USD LIBOR with time horizon closest to the time-to-maturity of the options. Document with a screenshot. Once you have this data, you can start with the calculations: (a) Calculate with Excel the daily returns of the Google share and calculate afterwards their standard deviation over the last 250 days. (b) Convert the daily volatility to volatility per annum. (c) Use the Black-Scholes-Merton pricing formulas for European options and calculate the theoretical prices of a European call and a European put option with expiration in October 2017 and strike price of $940 on the Google share. Use the LIBOR rate you have downloaded as a proxy of the risk-free rate. (d) Insert the Black-Scholes-Merton prices you just calculated in the put-call-parity. Does it hold? (e) How would the result of (c) change if a dividend of $2 is expected in four months? (f) Compare the Black-Scholes-Merton prices you calculated in (c) with the prices of these options given in Bloomberg (use the average of bid and ask price as the Bloomberg price). Are there any deviations between the theoretical prices you have calculated and the prices given in Bloomberg? If yes, what could be possible reasons for these deviations? Hint: There are no dividends announced for August, September and October 2017. Additional submission requirements for problem 5: ? Additionally to your calculations, please insert in the Word file that you will submit the screenshots you have made showing the spot price, option prices and LIBOR which you used. ? Upload the Excel file showing the calculation of the standard deviation in (a).
draw an entity relationship diagram (ERD) for a patient admission system given the following:
Whenever new patients are seen for the first time, they complete a patient information form that asks their name, address, phone number, and insurance carrier, all of which are stored in the patient information file.Patients can be signed up with only one carrier, but they must be signed up to be seen by the doctor.Each time a patient visits the doctor, an insurance claim is sent to the carrier for payment.The claim must contain information about the visit, such as the date, purpose, and cost. It would be possible for a patient to submit two claims on the same day. Use MS Visio to create the diagrams, copy and paste into a MS word document.
25503 Investment Analysis
Assignment—Part I
Spring 2019
1. The assignment should be completed in groups of maximum 4 students (your group
does not need to be in the same tutorial class). All group members receive the
same mark.
2. One representative from each group must email the subject coordinator (at
vitali.alexeev@uts.edu.au) by 5pm Friday 9 August 2019 with the names
and student numbers of all the group members. No changes can be made to group
membership after this date without obtaining consent from the subject coordinator.
It is your responsibility to find a group, keep the group together, and to ensure that
all deadlines are met.
3. Help: For consultation times, please check UTSOnline and the subject outline.
Note that email is not an efficient way for asking questions about the assignment;
please post any questions on the UTSOnline discussion board.
4. Due date: A hard copy of the assignment should be submitted in the assignment
box marked “FINANCE 4” located in Building 8, Level 5, by 5:00pm Monday
2 September 2019. Late submissions will not be accepted and no soft copy is
required.
5. Complete a cover sheet (available on UTSOnline) with all the signatures from your
group members and attach it to a printout of your answers.
6. The assignment computations are to be done in Excel, but the solutions may be
pasted into Word and formatted for submission. The final report, including all
text, tables and figures should be printed out on A4 paper with a minimum font
size of 12. Also, the final report (excluding the cover sheet) should not exceed 12
pages in length.
7. Do not round your interim calculations. Your final values should be rounded to the
nearest 6th decimal for reporting purposes.
Subject Coordinator: Vitali Alexeev
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Finance Discipline GroupUTS Business School25503 Investment AnalysisAssignment|Part ISpring 20191. The assignment should be completed in groups of maximum 4 students (your groupdoes not need to be in the same tutorial class). All group members receive thesame mark.2. One representative from each group must email the subject coordinator (atvitali.alexeev@uts.edu.au) by 5pm Friday 9 August 2019 with the namesand student numbers of all the group members. No changes can be made to groupmembership after this date without obtaining consent from the subject coordinator.It is your responsibility to nd a group, keep the group together, and to ensure thatall deadlines are met.3. Help: For consultation times, please check UTSOnline and the subject outline.Note that email is not an ecient way for asking questions about the assignment;please post any questions on the UTSOnline discussion board.4. Due date: A hard copy of the assignment should be submitted in the assignmentbox marked FINANCE 4″ located in Building 8, Level 5, by 5:00pm Monday2 September 2019. Late submissions will not be accepted and no soft copy isrequired.5. Complete a cover sheet (available on UTSOnline) with all the signatures from yourgroup members and attach it to a printout of your answers.6. The assignment computations are to be done in Excel, but the solutions may bepasted into Word and formatted for submission. The nal report, including alltext, tables and gures should be printed out on A4 paper with a minimum fontsize of 12. Also, the nal report (excluding the cover sheet) should not exceed 12pages in length.7. Do not round your interim calculations. Your nal values should be rounded to thenearest 6th decimal for reporting purposes.Subject Coordinator: Vitali Alexeev1You will nd an Excel workbook called AssignmentData.xlsx on UTSOnline which is neededto complete this assignment. It contains weekly index data for several country indices.Due to the reputation…
Attachments:
AssignmentPar….pdf
AssignmentDat….xlsx
25. Give an example of a nanomaterial that is >100 years old. 26. An ideal metal would be expected to expel electromagnetic fields (i.e. reflect EM waves). Why do some metals and metallic oxides have colour (even look black)? 27. How can a metal be modified to become black?28. What can be done to mitigate the effect of tunnelling across gate oxides in integrated microelectronics?
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