NATIONAL OPEN UNIVERSITY OF NIGERIA
14-16 AHMADU BELLO WAY, VICTORIA ISLAND, LAGOS
SCHOOL OF MANAGEMENT SCIENCES
MARCH 2014 EXAMINATION
COURSE CODE: ENT 332 CREDIT UNIT: 2
COURSE TITLE : INVESTMENT MANAGEMENT ANALYSIS II
TIME ALLOWED: 2 HRS
Instructions: 1. Attempt question Number one (1) and any other two (2).
2. Question number 1 is compulsory and carries 30 marks, while the
other questions carry 20 marks each
3. Present all your points in coherent and orderly manner
QUESTION 1:
a) A bond has a semi-annual coupon payment of N60, there are 182 days in the semi-annual coupon period. If 40 days have passed since the last coupon payment,
i. Calculate the accrued interest on the bond?
ii. If the quoted price of the bond is N110, what is the invoice price?
b) If the risk free rate of return is 8% per year and the expected return from the common stock is 19%.
i. What is the risk premium on the stock?
ii. List five (5) key characteristics of a bond?
c) Discuss five determinants of ratios used to evaluate Bond safety?
QUESTION 2:
a) What are corporate bonds?
b) List and discuss four (4) of the instruments traded in the money market?
QUESTION 3:
a)Discuss five major components of a financial statement?
b) Discuss Modern approach to working capital funding?
QUESTION 4:
a) Explain four (4) types of risks inherent in Bank investments?
b) What are the objectives of financial reporting?
QUESTION 5:
a) What is a fixed-income capital market?
b) What are the roles of investment bankers in primary (new) issues in the market?
You can get the exam summary answers for this course from 08039407882
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