Answer all 5 questions. Each question is worth 4 marks. Q1. Select any one company listed on the Australian Securities Exchange (ASX) and discuss that company's 2022 mission statement/vision. There is a word limit of 200 words for this question. (Referencing required) Q2. Ted just won the lottery, and he must choose from among three award options. He can elect to receive a lump sum today of $61m; to receive 10 payments of $9.5 million per year at the end of each year (the first payment occurs one year from now); or to receive 30 payments of $5.5 million per year at the end of each year (the first payment occurs one year from now). i. If he thinks he can earn 7% annually, which should he choose? (1 Mark) ii. If he thinks he can earn 9% annually, which is the best choice? (1 Mark) iii. Explain how interest rates influence the award options. (2 Marks) a) What is the expected return for A? For B? (1 Mark) b) What is the standard deviation for A? For B? (1 Mark) c) What is the expected return on a portfolio of A and B that is 30% invested in A and the remainder in B ? (2 Marks) Q4. Consider two 12% (coupon rate) $100 government bonds that differ only in that one matures in 2 years' time and the other in 5 years' time. Both bonds pay the coupon annually. i. What will be the price of each bond, given the required yield is 10% per annum? (1 Mark) ii. What will be the price of each bond, given the required yield is 14% per annum? (1 Mark) iii. Explain the price movements in response to interest rate changes as evidenced by parts (i) and (ii). c) What is the expected return on a portfolio of A and B that is 30% invested in A and the remainder in B ? (2 Marks) Q4. Consider two 12% (coupon rate) $100 government bonds that differ only in that one matures in 2 years' time and the other in 5 years' time. Both bonds pay the coupon annually. i. What will be the price of each bond, given the required yield is 10% per annum? (1 Mark) ii. What will be the price of each bond, given the required yield is 14% per annum? (1 Mark) iii. Explain the price movements in response to interest rate changes as evidenced by parts (i) and (ii). (2 Marks) Q5. The Australian mining company Mineral Resources Limited (MIN) achieved an EBITDA of $763m in the 1st half of 2021(1H21). a) What is the meaning of EBITDA? (1 Mark) b) What was Mineral Resources Limited's 1H21 Revenue and how did this compare with the previous corresponding period (pcp)? (1 Mark) c) Discuss the reasons for the differences between Mineral Resources Limited's 1H21 Revenue and EDITDA, and its 1H20 Revenue and EBITDA. (2 Marks)