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1. Answer all the following three (3) questions....




1. Answer all the following three (3) questions. 2. Where and when DETAILED CALCULATIONS are involved, you must use one EXCEL file. Note: your Excel worksheet must be built and populated in such a way that I can follow and trace your formulas and calculations. 3. For any other question you must use WORD (.doc or .docx) only. 4. As a general rule in grading, I am very much interested in seeing the extent to which you utilized your assigned textbooks and/or any other assigned readings in your responses. This means using materials used from non-class sources like the Internet or outside sources will receive distant secondary consideration in grading your work. So please be careful. 5. To further elaborate and emphasize, at submission time: a.You can ONLY submit a maximum of two (2) files for the entire exam- one Excel file (if you use Excel at all for this test) and one Word file. I will ignore extra files if you have more than the two files allowed for this test. 6. Finally, given questions regarding the exam bring even more questions; and this may confuse some students, I have decided to give you the test ?as is?. This means: a. You should trust the info/data given for each question and then come up with the best possible answers for the test. In improbable cases when there are general problems with some questions, like typos, etc, I can always account for them- and if legitimate, give due credit to all at the time of grading. b. I must, and I will, ignore any emails or posts in the classroom from you seeking clarifications on any part of the exam. I must be fair to ALL of my students and that is why I have the ?as is? policy as stated in above. Hope you understand. QUESTION 1. As a business decision maker, and based on what you have learned so far in this class, what have you learned that can help you at the times of making such decisions? Explain in needed details. If you discuss specific strategies and or methods, cite the specific page(s) of your books as reference. In your discussion, make sure to cover all the behavioral phenomena that may affect your decision making processes. Note: Points will be taken off for responses that lack organization and order. Maximum pages: 3 pages, double-space, size 12. No page limit on any supporting reference page, table, graph, or exhibit. Grade: 100 QUESTION 2. By expanding upon Mary Meeker?s work on eBay valuation as discussed in chapter two of your textbook, Shefrin discusses in details how heuristics, framing, and other psychological factors can affect the way managers and analysts value companies. He also discusses how calculation of Free Cash Flows could be manipulated and possibly misused when it comes to arriving at a price for a given stock. In this question, I want to test your understanding of what exactly Shefrin tries to accomplish in chapter two. To do that, consider that you have been invited to present a workshop before a group of analysts and managers; and the topic of your discussion is similar to the discussions presented in chapter two of Shefrin on valuation. I want you to consider and expand upon both the qualitative and quantitative discussions that were used in that chapter. Your job then is to prepare and submit to me the needed lecture notes along with any related calculations that you would use in your presentation. Your submission should then contain a fair amount of conceptual/qualitative materials along with a minimal level of quantitative analysis and/or examples. For such a purpose, feel free to use and build upon the tables and numerical examples that are discussed in chapter 2. Your quantitative analysis would certainly help the attendees to better understand the points that you want to make in your presentation. I encourage you to use Excel for all such calculations. Note: Points will be taken off for responses that lack organization and order. Maximum pages: 4 pages, double-space, size 12 (there is no page limit for using tables or Excel sheets/tabs) Total Grade: 100 (50 points for the qualitative portion and 50 points for the quantitative portion) QUESTION 3. In chapters 1 and 2, Ackert & Deaves take pain to discuss the foundation of traditional finance and economics. They do this knowing that such foundation has already been refuted and mostly rejected by behavioral economists. Explain their rationale for doing what they did in the said chapters. No need at all to do any calculations; this question is mainly conceptual and qualitative. Note: Points will be taken off for responses that lack organization and order. Maximum pages: 2 pages, double-space, size 12. Not page limit on any supporting reference page, table, graph, or exhibit. Grade: 50 END!


Paper#7215 | Written in 18-Jul-2015

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