5BUS1148 Financial Markets and Instruments – Individual Coursework (100%)
Coursework代写 You need to complete all THREE sections – Section A, Section B and Section C for this coursework (see requirements and instructions below).
Include your student number on the front page of your submitted answer booklet (please download the answer booklet from Canvas Assignments).Coursework代写
You need to complete all THREE sections – Section A (30 marks), Section B (20 marks) and Section C (50 marks) for this coursework (see requirements and instructions below).
Instructions on how to prepare for Section A, Section B and Sections C are provided under each section respectively. These instructions are now in written format (rather than being specified in class) as we have moved to online learning for the rest of this term. You can revisit these written instructions easily.Coursework代写
Section A (30 marks):
Calculations questions with 10 marks each
Instructions on how to complete Section A:
Step 1: Revise learning activities on calculations with the examples used in lectures.
Step 2: Practise with questions from seminars materials. Particularly, focus on questions about equity and bond pricing, money market instrument calculations, numerical questions relating to interest rates and foreign exchange markets. Check your answers with seminar answers available under Units on Canvas.Coursework代写
Step 3: Attempt to solve Section A coursework questions with the help of examples and questions used in lectures and seminars (refer back to Step 1 & 2 where needed). Make sure you present the workings as well as the final answer of these calculations so that marks may be given on correct procedures.Coursework代写
Support available: Post any questions you may have on Discussions. Please do not email your answers for us to check as this is an assessment. You are very welcome to ask any specific questions you may have in relation to the underlying concept and calculations covered in lectures and seminars.Coursework代写
Question 1
A three year bond with a face value of £100 pays an annual coupon rate of 6% on its face value. Calculate the price of the bond with a 10% yield to maturity. (10 marks)Coursework代写
[Write your workings and answer here]
Question 2
- Calculate the redemption value of a four month £500,000 certificate of deposit (CD) paying 4%. (5 marks)
- Calculate the price of a three month bill with a required annual return of 8% and a redemption value of £150,000. (5 marks)
Question 3
Under the expectations hypothesis of future interest rates, what would be the interest rate of a one-year gilt in exactly one year from now if the interest rates on one-year gilts and two-year gilts are 3% and 3.5% respectively? (10 marks)Coursework代写
Section B (20 marks):
10 multiple choice questions with 2 marks each Coursework代写
Instructions on how to complete Section B:
Step 1: Review module content (lecture slides, seminar questions and answers) and make sure you understand theories and concepts on various financial markets, financial institutions, and instruments traded on these markets. Recorded sessions help you to revise if you missed any classes.Coursework代写
Step 2: Utilise the practice MCQs with answer guidance (under units -> week 11) to be familiar with the format of MCQs.Coursework代写
Step 3: Attempt the coursework MCQs below. As they are open book questions, you can go back to lecture and seminar materials to revise relevant concepts and calculations. These are unseen questions designed to prevent copy and paste from existing materials but if you understand the fundamentals of the learning materials, answering these questions would be straightforward.Coursework代写
Support available: Post any questions you may have on Discussions. Please do not email your answers for us to check as this is an assessment. You are very welcome to ask any specific questions you may have in relation to the underlying concept covered in lectures and seminars.Coursework代写
Questions:
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Which of the following is not an advantage of financial intermediation?
a. Maturity transformation
b. Excessive risk taking through lending
c. Risk transformation
2.Which organisation is currently responsible for debt management for the UK government？
a. Bank of England
b. Debt Management Office
c. Any large investment bank
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Which of the following bonds allow the issuer the option to buy back the bond at par?
a. Convertible bond
b. Zero coupon bond
c. Callable bond
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Which of the following statements is correct in describing money markets?
a. Money markets are wholesale financial markets
b. Money markets provides long term financing to the issuer of instruments
c. The participants of money markets do not include governments
-
The yield curve
a. Shows the relationship between interest rates and the riskiness of bonds
b. Usually rises as the length of time to maturity increases and then gradually flattens out
c. Can be a downward sloping which means long term interest rates are expected to rise
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Which of the following theories says that the liquidity premium does not have to rise uniformly with maturity in explaining the term structure of interest rates?
a. Liquidity preference theory
b. Preferred habitat theory
c. Purchasing power parity
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Which of the following sentences correctly describes the spot foreign exchange market?
a. It is a market for immediate delivery of currency
b. It is a market for future delivery of currency
c. The instruments on this market are used to lock in a currency rate to avoid risk arising from exchange rate fluctuations
-
The exchange rate between the USD and British Pound is quoted as £1 = $1.1157 – $1.1161. How many USD would you get for one British Pound?
a. $1.1157
b. $1.1161
c. $0.8960
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Purchasing a put option
a. gives the obligation but not the right to sell a given amount of a financial instrument
b. gives the right but not the obligation to buy a given amount of a financial instrument
c. gives the right but not the obligation to sell a given amount of a financial instrument
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Which of the following statements is correct
a. Futures contracts are non-standardised over the counter contracts.
b. Adjustments to the margin accounts are made daily when futures contracts are traded
c. No margin is required when trading future contracts
Section C (50 marks):
An essay on evaluating the impact of the COVID-19 pandemic on financial markets. Coursework代写
Instructions on how to prepare for Section C:
Step 1: Read through the marking scheme and all requirements carefully.Coursework代写
Step 2: You can start your research on this topic by reading articles attached under Units for each week to have a general understanding of current issues in the financial markets. In particular, pay attention to articles attached under the Reading week. You need to research beyond these articles using reputable sources to help form and support your discussion.Coursework代写
Support available: Post any questions you may have on Discussions. Please do not email your draft for us to comment on as this is an assessment. You are very welcome to ask any specific questions you may have or if you need further clarifications.Coursework代写
Marking scheme:
You need to demonstrate that you have carried out extended research on this topic using references from reputable sources.Coursework代写
- Part 1: Illustrate impact of the COVID-19 pandemic on financial markets, for example, impact on share prices, demand in bond markets, currency exchange rates, etc. You can use factual (statistical and/or financial) information to aid your discussion. (20 marks)
- Part 2: Discuss the measures taken by financial institutions and financial intermediaries, e.g. central banks and stock exchanges, to manage the crisis. Discuss the expected and/or actual effects of these measures in mitigating the impact on markets/economies. (20 marks)
- Your essay should be well structured (use suitable section headings where appropriate for Part 1 & Part 2 respectively – see above), original (eg. no copy and paste), written with clarity, coherent, correctly referenced (both in-text and in the Reference list), and free from grammar and spelling mistakes. (10 marks)
Length of Essay: 800 (+/- 10%) words
The word processed essay should be around 800 words (excluding references, appendices and numerical/data tables) plus or minus 10 per cent. Essays outside this length will be penalised by 10 per cent for every further 10 per cent deviation in length. No abstract or executive summary is needed. A short conclusion or summary is optional.Coursework代写
Please use 1.5 line spacing and a font size of no less than 12 in your essay. Failure to follow any of these formatting instructions will incur a penalty of up to 5% of the coursework mark.Coursework代写
All submissions will be automatically checked through Turnitin once submitted. A Turnitin link for self-checking similarity scores is available to students on Canvas. It is strongly advised that students should self-check similarity scores for Section C work well before the submission deadline to leave sufficient time to revise (if needed) before submitting the assignment on time to the correct link (NOT the Turnitin self-check link).
All information must be appropriately sourced and referenced using the Harvard referencing system, both in-text and in the references list. Please ensure that all information used is from an appropriate source. Inappropriate sources of information, such as Wikipedia, tutor2you, Investopedia, descriptive websites etc., will result in a loss of marks.Coursework代写
Coursework submission deadline: Friday 15 of May 2020 11.00AM
Please note that any suspected instances of plagiarism and/or collusion will be reported for investigation and action through the University’s academic conduct process. Academic misconduct incidents include cheating, plagiarism, collusion, breach of professional confidentiality, duplication of assessed work without acknowledging previous submission, and allowing or helping another student to copy or paraphrase your work without acknowledgment.Coursework代写
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