Which of the following statements are correct？ 1 Maximising market share is an example of a financial objective 2 Shareholder wealth maximisation is the primary financial objective for a company listed on a stock exchange 3 Financial objectives should be quantitative so that their achievement can be measured 2022-01-06 Which of the following is LEAST likely to fall within financial management？ 2022-01-06 Which of the following statements concerning working capital management are correct？ 1 Working capital should increase as sales increase 2 An increase in the cash operating cycle will decrease profitability 3 Overtrading is also known as under-capitalisation 2022-01-06 Which of the following is/are usually seen as forms of market failure where regulation may be a solution？ 1 Imperfect competition 2 Social costs or externalities 3 Imperfect information 2022-01-06 A company has annual after-tax cash flows of $2 million per year which are expected to continue in perpetuity. The company has a cost of equity of 10%, a before-tax cost of debt of 5% and an after-tax weighted average cost of capital of 8% per year. Corporation tax is 20%. 2022-01-06 Which of the following financial instruments will NOT be traded on a money market？ 2022-01-06 A company has 7% loan notes in issue which are redeemable in seven years’ time at a 5% premium to their nominal value of $100 per loan note. The before-tax cost of debt of the company is 9% and the after-tax cost of debt of the company is 6%. What is the current market value of each loan note？ 2022-01-06 (d) Calculate the ex dividend share price predicted by the dividend growth model and discuss the company’s 2022-01-06 (c) Discuss the reasons why the net present value investment appraisal method is preferred to other investment 2022-01-06 (b) Calculate the value of the closing stocks of finished goods at the end of the three-month period, and the value 2022-01-06