Question: 1. Answer ALL questions 2. Marks per question are indicated 3. Time allowed: 1 Hour 15 Minutes a) Discuss what corporate finance is, its objectives

 1. Answer ALL questions 2. Marks per question are indicated 3.

1. Answer ALL questions 2. Marks per question are indicated 3. Time allowed: 1 Hour 15 Minutes a) Discuss what corporate finance is, its objectives and its various branches. Use a retailing firm's balance sheet to illustrate your answer. (8 marks) b) Consider three bonds all with a duration of 10 years: Bond Type Coupon rate (% p.a) Coupon interest Selling price payments X Coupon 8 Semi-annual 10% discount Y Zero coupon N/A N/A 70 % discount Z Coupon 10 Annual Game Bar Utilising appropriate computations, determine which bond has the highest YTM

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