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. 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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