MINISTRY OF EDUCATION, CULTURE, RESEARCH AND

TECHNOLOGY
UNIVERSITAS JENDERAL SOEDIRMAN
FACULTY OF ECONOMICS AND BUSINESS
Address: Prof. Dr. HR. Bunyamin Street no. 708, Purwokerto 53122 Phone: (0281) 637970, Facsimile: (0281) 640268
Website: feb.unsoed.ac.id, E-mail: ekonomi@unsoed.ac.id

MID TEST EXAM INTERNATIONAL PROGRAM ACADEMIC YEAR 2021/2022

Subject : Portfolio and Investment Management Day/ Date : Friday, 8/04/2022
Lecturer : Dian Purnomo Jati, SE, M.Sc Time : 9.45-11.45
Class : International Management Room : -
Character : Take Home Exam Duration : 120 minutes

Handwritten answers, convert to PDF format and send via ELDIRU

1. What are the benefits of going public? Describe the company's process for
conducting an IPO, related to the institution and profession involved! (use
flowcharts)

2. There are two assets A and B, return data is available for each asset for the
probability of a particular event.
Probability Asset A Asset B
Return Return
0,2 90% 80%
0,6 60% 35%
0,2 20% 10%

a. Calculate expected return and risk for Asset A and Asset B!

b. If we form a portfolio consisting of Asset A (60%) and Asset B (40%),
calculate expected return and portfolio risk for A-B !

3. Arkanic Corporation, is growing quickly. Dividend are expected grow at a 30%

rate for the next 3 years, and then 10% per year indefinitely. If the required rate
of return is 15%, and last dividend of Arkanic Co. is Rp 100 per share. Calculate
the intrinsic value of Arkanic Corporation !
 MINISTRY OF EDUCATION, CULTURE, RESEARCH AND
TECHNOLOGY
UNIVERSITAS JENDERAL SOEDIRMAN
FACULTY OF ECONOMICS AND BUSINESS
Address: Prof. Dr. HR. Bunyamin Street no. 708, Purwokerto 53122 Phone: (0281) 637970, Facsimile: (0281) 640268
Website: feb.unsoed.ac.id, E-mail: ekonomi@unsoed.ac.id

4. A bond is offered with a nominal value of Rp 200 million, with a coupon of 20%
per year, for 5-year maturity. Calculate the intrinsic value of the bond if the
required rate of return is 15% and interest is paid semi-annually!

5. Explain and give an example about the measurement of efficient market using
public information at semistrong level !