1. Do the analysis of Federal Bank's strengths, weaknesses, opportunities and threats (SWOT). Discuss the concept of dividend discount valuation and its key formulas and assumptions.

2. What are the models for finite holding period and infinite holding period respectively?

3. Enumerate the steps of using dividend discount model to value stock.

4. What are the key assumptions of dividend discount valuation model?

5. What will you suggest the upper-bound of long-term growth rate for Federal Bank given its performance highly depends on the GDP growth? Assess the fair price of Federal Bank stock as of March 31, 2014, using the dividend discount valuation model. Clearly state all your assumptions and calculations for the explicit forecast period and terminal period.

6. What is the long-term growth rate and cost of capital of Federal Bank?

7. What is the intrinsic value of Federal Bank using the dividend discount valuation model? Show the variables value selection and calculation.

8. What is the intrinsic value of Federal Bank using the comparable method? Based on your analysis, does Federal Bank qualify as a potential undervalued target? Should Malhotra invest in it?

9. Based on your analysis, does Federal Bank qualify as a potential undervalued target? Explain the reason in detail.