TUGASAN 1 P4122
Modul : P4122- Pengurusan Pelaburan
Topik : Risiko dan Pulangan
Kursus : DPM 5B
Tarikh : 23 Februari 2010
Tarikh Hantar : 25 Februari 2010
Arahan : Jawab semua soalan. / Answer all the question:
GUIDELINE: Students can answer either in Bahasa Malaysia or English.
The assignment should hand - written (not computer generated)
1. Explain two (2) types of risk related to investment. (5 marks)
Jelaskan dua (2) jenis risiko berkaitan dengan pelaburan
2. You have consulted your broker on what his firm’s research department expects for the following four shares over the next year. The broker provides with the following information:
Broker anda telah menasihati anda mengenai jangkaan tentang 4 jenis saham bagi tahun hadapan. Maklumat berkaitan adalah seperti berikut :
Share Beta Expected Return (%)
A 0.25 8.0%
B 1.52 10.0%
C 0.65 12.0%
D 1.2 14.0%
In addition, you have been informed that the risk free rate is 3 percent and the return from market is 15 percent.
Anda telah diberitahu bahawa kadar bebas risiko adalah 3 % dan pulangan pasaran adalah 15 %.
You are required:
a. Which of the shares above are undervalued and which are overvalued based on the Capital Asset Pricing Model (CAPM)? Show your work clearly. (15 marks)
Tentukan saham yang terkurang nilai dan terlebih nilai berdasarkan kepada Model Perletakan Harga Aset Modal (CAPM). Tunjukkan jalan kerja dengan jelas.
b. Indicate what actions should you take with regards to these shares. Discuss your decisions. (2 marks)
Jelaskan keputusan anda
3. Based on one of the reputable research house, the risk free rate of return is 3% and the expected market return is 12%. If the beta of this share is 1.5, calculate required rate of return of the share. (3 marks)
Berdasarkan kepada sebuah penyelidikan diberi kadar bebas risiko 3% dan jangkaan pulangan dari pasaran adalah 12%. Jika nilai beta adalah 1.5 kirakan kadar pulangan yang diperlukan.
SELAMAT MENJAWAB..
p/s : bagi soalan (2)diatas dalam table share ada 4 iaitu A,B ,C dan D
nilai Beta A = 0.25 , Beta B = 1.52, Beta C = 0.65 dan Beta D = 1.2
Expected Return dalam % bagi A = 8%, B = 10%, C = 12% dan D = 14%
