1.Consider investing in Australia and New Zealand Banking Group (ANZ). Make an investment decision based on the theoretical value of ANZ. This requires you to complete several steps:

a.Undertake a brief industry and company analysis, chapter 9 find concepts

b. Select the most appropriate present value model and derive a theoretical price for the share

c. a.Determine whether you would invest in the companys ordinary shares.

You should assume that the equity market risk premium is 5%, and the risk free rate is equal to the RBA cash rate at the time of your analysis.