文档介绍：1 U NIVERSITY ofL IMERICK O L L S C O I L L U I M N I G H DEPARTMENT OF ACCOUNTING & FINANCE KEMMY BUSINESS SCHOOL END OF SEMESTER EXAMINATION MODULE TITLE: Advanced Corporate Finance MODULE CODE: FI4005 SEMESTER: Autumn ACADEMIC YEAR: 2011/12 PERCENTAGE OF TOTAL MARKS: 100 DURATION OF EXAM: hours LECTURER(S): James Ryan EXTERNAL EXAMINER: Prof. Liam Gallagher INSTRUCTIONS TO CANDIDATES: ? Answer allof Section A, marking your answers clearly on the multiple choice answer sheet ? Negative marking will apply to the multiple choice questions; two marks are awarded for a correct answer and quarter ofone mark is deducted for an incorrect answer. No marks deducted for an unanswered question. ? Answer one question from Section B ? Answer one question from Section C ? Marks will be awarded for clarity of thought and presentation Useful formulae: Basic present value formula: PV = FV/(1+r) t Present Value Annuity Factor: ???????????????????????????????r trtrr r PVAF 11)1( 11 Variance ofa 2-stock portfolio: 22 2221 12 21 12 212 21 12 21 12 21 21 211 21σxσσρx x σxx Stock σσρx x σxxσx Stock Stock Stock ?? 2 Section A- Multiple Choice Mark your answer clearly on the answer sheet provided. Choose one option only per question. Negative marking applies: two marks are awarded for a correct answer and quarter ofone mark is deducted for an incorrect answer. No marks deducted for an una