25 of 30

1.0 PointsConsider the following financial information of BAB Ltd:

20132014Stock on handR1 900 000R2 781 000Profit attributable to equity holdersR88 000R109 000Shareholders' fundsR250 000R350 000DebtorsR12 000 000R11 000 000CreditorsR3 450 000R6 780 000

What was BABs Return on Equity (ROE) for 2013?

A.31.14%

B.12.25%

C.35.20%

D.29.99%

E.18.15%

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Question 26 of 30

1.0 PointsAssume that the spot rate, ZAR/USD, is 10.5678 on 1 July 2013. The South African interest rate is 8% per annum and the United States interest rate is 2%. Assume 360 days in the year. What is the 90 day (1 October 2013) forward rate, using interest rate parity principles?A.R10.7255 (p.592)

B.R10.5678

C.R11.4132

D.R10.7792

E.R11.2019

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Question 27 of 30

1.0 PointsThe future value of R100 received today and deposited at 6 percent for four years is ________.A.R126

B.R 79

C.R124

D.R116

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