財務評估assignment-business財務投資評估與通貨膨脹，公司征稅和折扣率，Assessment assignment-Business Finance & Investment Appraisal&Inflation, Company Taxation and the Discount Rate

Business Finance & Investment Appraisal

Assessment: Individual assignment of 2,500 to 2,800 words

Submission Date: Until 3 p.m. Wednesday 5 May 2010
Undergraduate office, Pemberton Building

? Failure to submit TWO copies of your work by this deadline will result in a mark of 0%

? The assignment must also be submitted in electronic format to the ‘Turnitin’ drop-box in the Blackboard site for this module and the Turnitin reference code added to the hand-in sheet

? You are advised to plan your work carefully and back-up your work. Computing and printing problems will NOT be accepted as reasons for non-submission

? For your information when preparing your coursework essay, refer to the following:
o University Regulation on the Presentation of Work for Formal Assessment (URL: www.brad.ac.uk/admin/acsec/QA_Hbk/QAH5_19.html)
o University Statement on Academic Integrity (URL:www.brad.ac.uk/admin/acsec/assu/statement_on_academic_integrity.htm)
o Student Handbook on Plagiarism - remember to fully reference your work in the Harvard format.

Write the exact title of the essay question at the top of your answer
Choose one essay from the following:

1. To what extent do prices in financial markets reflect the underlying economic position of assets and the information available about them? How might this affect decisions on the source of finance for firms’ investment projects?

2. Examine the factors that affect a firm’s dividend policy. Can it be said that there is a ‘best’ approach when setting dividends?

3. Examine the relative merits of techniques of equity finance. What implications might financial market turbulence have for the ability of firms to raise finance through these means?#p#分頁標題#e#

Business Finance and Investment Appraisal

ID- 4248 L Business Finance & Investment Appraisal

2009/10 LEVEL 3

Assessment: Group Report & Presentation (Groups of 4)
Including one report of 1,500 to 2,000 words

Submission Date: Until 3 p.m. Thursday, 4th February 2010
Undergraduate office, Pemberton Building

? Failure to submit TWO copies of your work by this deadline will result in a mark of 0%

? The assignment must also be submitted in electronic format to the ‘Turnitin’ drop-box in the Blackboard site for this module and the Turnitin reference code added to the hand-in sheet

? You are advised to plan your work carefully and back-up your work. Computing and printing problems will NOT be accepted as reasons for non-submission

? For your information when preparing your coursework essay, refer to the following:
o University Regulation on the Presentation of Work for Formal Assessment (URL: www.brad.ac.uk/admin/acsec/QA_Hbk/QAH5_19.html)
o University Statement on Academic Integrity (URL:www.brad.ac.uk/admin/acsec/assu/statement_on_academic_integrity.htm)
o Student Handbook on Plagiarism - remember to fully reference your work in the Harvard format.

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Write the exact title of the essay question at the top of your answer
“Select a company from the FTSE 100 in one of the sectors listed below:
(1) Insurance
(2) Leisure and hospitality
(3) Retailing

For that company:
(a) Analyse its share price, p/e ratio, and Return on Investment in relation to other firms in the same sector;
(b) Provide an analysis of share price based on ‘fundamentals analysis’;
(c) Provide a further ‘technical chart’ based analysis demonstrating over the past year whether the share would have been recommended to ‘sell’ or ‘buy’;
(d) Discuss the importance to the firm of share price and share price changes in determining its financing, performance and survival.”
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PRESENTATION OF WORK FOR FORMAL ASSESSMENT
From University of Bradford Ordinances and Regulations for Taught Courses www.brad.ac.uk/admin/acsec/QA_Hbk/QAH5_19.html
2.1 A dissertation, thesis, essay, project or any other work which is not undertaken in an examination room under supervision but which is submitted by a student for formal assessment must be written by the student and in the student’s own words, except for quotations from published and unpublished sources which shall be clearly indicated and acknowledged as such.
2.2 The source, published or unpublished, of any photograph, map or other illustration or any material not resulting from the student’s own experimentation, observation or specimen collecting shall also be so indicated and acknowledged. #p#分頁標題#e#
2.3 Except as set out in 2.6 and 2.7 below, any results quoted in the work as arising from the student’s own experimentation, observation or specimen collecting shall be the outcome of the student’s own work.
2.4 Except in those circumstances set out in 2.6 and 2.7 below, students must not use any means whatever to obtain, directly or indirectly, assistance in their work or give or attempt to give, directly or indirectly, such assistance to any other students in their work.
2.5 Students may not submit the same piece of work for formal assessment for more than one unit of assessment in the programme of study or research.
2.6 When work is submitted which has been undertaken in co-operation with others, each student’s personal contribution shall be certified by a joint statement as to the share which each student has personally taken in the work.
2.7 Where the work has been undertaken in conjunction with a supervisor, the extent of the student’s personal contribution to the work must be certified by the supervisor and the student.
2.8 Where a student has undertaken part or all of the programme of study or research away from the University, the student’s additional supervisor or a responsible person within the establishment concerned must certify that the work presented is the student’s own account of his/her performance or research at that establishment.
2.9 Except as set out in 2.10 below, students may be permitted to incorporate their own published work in work submitted for assessment, under the Ordinances and Regulations for the award concerned, on condition that the fact is recorded in the piece of work, together with the title, place and date of publication.
2.10 A student shall not be permitted to incorporate material which has been submitted in support of a successful application for an award of the University, any other university or any other approved degree-awarding body, except for the purpose of drawing attention, for reference purposes only, to such material, including calculations or the results of experimental work. Where such material is incorporated, the fact shall be recorded, together with the title of the work, the date and title of the award and the name of the university or other degree-awarding body.
2.11 Students must submit work for formal assessment by the due date laid down by the School responsible for the assessment concerned or as laid down in Ordinances and Regulations.

The Discounted Cash Flow Approach to Investment

Inflation, Company Taxation and the Discount Rate

References:

Arnold, G. (2005) Corporate Financial Management Pearson, Harlow, - Chapter 5

Lumby, S and Jones, C (2001) Fundamentals of Investment Appraisal Thomson, London, – Chapter 7

Lumby, S and Jones, C (2003) Corporate Finance: Theory and Practice Thomson, London, – Chapter 7#p#分頁標題#e#

McLaney, E (2003) Business Finance: Theory and Practice Prentice Hall, Harlow, - Chapter 5

Pike, R and Neale, B (2003) Corporate Finance and Investment Prentice Hall, Harlow, - Chapter 6

Potts, D (2002) Project Planning and Analysis for Development Lynne Rienner, Boulder – Chapters 4, 5 and 16*

* Chapter 16 shows a full model of how to account for inflation – see also the spreadsheet Example 4 Worksheet ‘INF’ (downloadable from Blackboard)

財務投資報告怎么寫？HM Treasury (2003) The Green Book: Appraisal and Evaluation in Central Government TSO, London - http://greenbook.treasury.gov.uk/ - Chapter 5 and Annex 6

David Potts

December 2008
DCFinf08.DOC