Self-evaluation

  1. If the owners provide capital to a company in the form of participating capital, this is an example of:

    External financing
    Debt financing
    Internal financing
  2. Company XY AG is planning to increase its equity capital from CHF 50 million to 60 million. This increase will take place in the form of an issuance of 20'000 new shares, each with a CHF 500.- par value. The issue price of the new shares is CHF 600.- and the current market price of an old share stands at CHF 810.--. Calculate the subscription ration and the value of one purchase right.

    Subscription ratio :  
    Value of one purchase right 
  3. The pricing of a fixed-rate bond is dependent upon the following factors:

    The time remaining until maturity
    The level of the stock market
    Nominal interest rates
    The general level of interest rates
  4. Company XY AG has the following outstanding convertible bonds:

    Nominal value of each bond CHF 3000.--
    Number of shares to be acquired upon conversion 6 shares
    Payment upon maturity if not converted 100 %
    Coupon rate of the convertible bond 2 %
    Current price of the underlying shares CHF 520.--
    Paying a premium of CHF 450.--
    Calculate the conversion premium, expressed as a percentage.
    Conversion premium  .  %
  5. Which of these statements are false?

    Bearer shares are characterised by the fact that transfer can be made by simply handing over the shares to another part.
    The minimum share capital of a Swiss joint-stock company must amount to CHF 200'000.--.
    If every purchaser of registered shares can be entered into the shareholder register, the one may speak of registered shares with restricted transferability.
    Ordinary shares are those equity securities which confer normal shareholder rights, regardless of their legal or financial composition.
  6. Company XY AG reports a profit of CHF 30 million. It has 150'000 shares outstanding, each with a par value of CHF 200, and which are quoted today in exchange trading at CHF 1'800. Calculate the PE ratio of the stock.

    P/E Ratio 
  7. The intrinsic value of an option is higher when ….

    the option is at-the-money
    the option is in-the-money
    the option is out-of-the-money
    the time value of an option remains constant.
  8. Implicit Volatility corresponds to the expectations of the market participants regarding the future volatility of the underlying asset as reflected by the current option price.

    True
    False
  9. The duties of the custodian bank among other things include:

    Setting the issuance and redemption prices of the fund shares.
    Deciding on any distributions to be paid to shareholders.
    Safekeeping of the fund's assets
    Issuance and redemption of the fund's shares.
  10. An investment fund is a pool of assets that, as a result of public advertisement, has been contributed by investors for the purpose of collective investment and, as a rule, is managed under the principle of risk distribution by the custodian bank for the account of the fund management.

    True
    False


  
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Trade Reporting (RSD)