This download link is referred from the post: JNTUH MBA 3rd Sem Last 10 Year Question Papers (2010-2020) All Regulation - (JNTU Hyderabad)
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Question Paper Code: CMB404
MBA III Semester End Examinations (Regular) - January, 2018
Regulation: R16
Security Analysis And Portfolio Management
(MASTER OF BUSINESS MANAGEMENT)
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Time: 3 Hours
Max Marks: 70
Answer ONE Question from each Unit
All Questions Carry Equal Marks
All parts of the question must be answered in one place only
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UNIT I
- (a) Explain the forms of efficient market hypothesis. [7M]
(b) What is stock market? Write the functions of stock exchange. [7M] - (a) Write a brief note on National Stock Exchange and Bombay Stock Exchange. [7M]
(b) Explain the different investment avenues. [7M]
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UNIT II
- (a) Write the assumptions of CAPM Model. [7M]
(b) Mr. Suresh is considering the purchase of two stocks X and Y for the next year. The returns of the securities depend on the next year's state of the market. The estimated rates of return are shown in the Table 1. [7M]Table 1
State of the market Probability of occurrence Return of X Return of Y recession 0.30 12% 10% average 0.40 14% 12% boom 0.30 16% 18% - Find out the Individual Return and Risk
- Find out the Portfolio Return by considering equal proportion
- Find out the Co variances and correlation
- Find out the portfolio Risk by considering equal proportion
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- (a) Explain the arbitrage pricing theory. [7M]
(b) Estimate the stock return by using the arbitrage model. The expected return of the market is 18% and the equity's beta is 1.5. The risk free rate of interest is 9% and market risk and sensitivity index is given in Table 2. [7M]Table 2
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security market risk sensitivity index inflation 8% 1.2 industrial production 3% 0.95 risk premium 5% 1.1 interest rate 4% 0.8
UNIT - III
- (a) Explain the risks involved with bonds. [7M]
(b) Explain the different bond theories with example. [7M] - (a) Mention the types of bonds. Explain in detail. [7M]
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(b) i. Determine the price of Rs.1000 zero coupon bond with yield to maturity of 20% and 8 years to maturity.
ii. What is the YTM of this bond if its price is Rs.250.
UNIT – IV
- (a) Write the differences between futures and option contracts. [7M]
(b) Design a SWAP diagram from the Table 3 shown below. [7M]Table 3
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company fixed interest rate floating interest rate A 10% LI+.2 B 11.2% LI+.6 - (a) Explain the types of derivatives. [7M]
(b) Explain the steps to design interest rate SWAP. [7M]
UNIT V
- (a) Write the advantages of mutual funds. [7M]
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(b) The Table 4 is provided regarding the performance of the funds namely ICICI, BIRLA and FRANKLIN for a period of one-year. The risk free rate of interest is 10%. Rank them with the help of Sharpe's and Treynor's index. [7M]Table 4
funds Rp SD Beta ICICI 27 5 0.56 BIRLA 25 8 0.74 FRANKLIN 23 3.5 0.89 - (a) Explain the concept of net asset value. [7M]
(b) Franklin fund, T-bill and NSE nifty have the following returns over past 5 years given in Table 5. What is the predictive ability of the fund? [7M]Table 5
Year Franklin fund % T-bill % NSE nifty % 1 9 6 6 2 -6 10 -5 3 14 8 11 4 12 7 10 5 16 9 13
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This download link is referred from the post: JNTUH MBA 3rd Sem Last 10 Year Question Papers (2010-2020) All Regulation - (JNTU Hyderabad)
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