a) The equity shares of Cyberdyne Plc have a beta value of 0.90. The risk-free rate of return is 5% and the market risk premium is 3%. Corporation tax is 19%. Calculate the required rate of return on the shares of Cyberdyne Plc and explain the impact of beta on the shares of the company.

b) Outline five benefits/advantages that a Stock Exchange listing could offer a company.

c) Calculate the Yield to Maturity (YTM) of a 100 nominal value irredeemable bond with a coupon rate of 7% and a market value of 105.

d) A 10-year corporate bond has 6 years remaining until redemption. The par value is 100 and it pays a 4% coupon on