Professional Documents
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jdsajdka
Ak
Angkatan = 2009
Soal Nomor 1
Diketahui : Firm B 1 million shares currently sell for $12 each Firm A Preparing $18 per share tender offer and estimate gain of merger $6 million Ditanya : How many percent of the merger gains will be captured by Bs shareholders ? Dijawab : NPV $6.000.000 $6.000.000 + $6.000.000 $12.000.000 = Overall gain - gain captured by Bs shareholders = Overall gain - $6.000.000 = Overall gain = Overall gain
X 100%
million = million
50%
Ak
Soal Nomor 2
Diketahui : Current one year interest rate = 4% in US and 8% in Spain Anticipated inflation in US = 2% Ditanya : If International fisher effect holds, what is the expected inflation in spain ? Dijawab : r r i i i
( 1.1016 0.0616
i )
0.05923 5.92%
=i =
Soal Nomor 3
Diketahui : Strike Price of Put Option = $60 Premium for the Put Option = $4 Selling Price of the Stock = $46
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Ditanya : Calculate the Profit per share for an Investor. Dijawab : Value of all caption = Excercise price Stock Price Total Profit of Put Total Profit Total Profit = Value of Put Option Premium Paid = $14 - $4 =$ 10 Value of Put Option = $60 - $46 = $14