MY COMPANY IS ANZ All information can be found in internet and webside like yahoo finance (https://finance.yahoo.com/quote/ANZ.AX?p=ANZ.AX)
Question:
MY COMPANY IS ANZ
All information can be found in internet and webside like yahoo finance (https://finance.yahoo.com/quote/ANZ.AX?p=ANZ.AX)
a)Stock price:
-Use CAPM to estimate the stock price which will require you to calculate the beta (use Excel and the Slopefunction) , return on the market and the risk-free rate
-Also calculate the stock price using the DGM (check dividend growth over the last 5 years on Yahoo Finance to come up with your constant growth rate of dividends or alternatively a 2 stage dividend growth rate).
b)Market efficiency:
-Chose a significant announcement and estimate its effect on the stock price
-Comment on the impact of a recent dividend payment on the stock price
-Discuss the company's current dividend policy
c)Corporate governance:
-Agency problem: how is the CEO remunerated, total pay and how it is structured. Comment on whetheryou consider the CEO's remuneration package is structured to provide the correct performance incentive.