Finance Questions. Please also show out working as I would like to know the correct calculations

Please see as attached.

Question 1. (10 Marks) a. Technical analysts typically look for signals to buy or sell. Describe 2 techniques employed by technical analysts to identify trends and cycles in prices and trading volume. b. Comment on the following statement: 'Expert forecasts are based on the subjective assessments of individuals who are expert in particular fields. We know that no one analyst is likely to continually produce accurate forecasts'. c. The "distinction between growth and value shares involves a distinction based on book-to-market value. Explain why growth shares have low book-to-market ratios while value shares have high book-to-market ratios. Question 2. (10 Marks) a. The yield curve is a graph of the relationship between yield to maturity and time to maturity for bonds, which are identical except for time to maturity. Explain two main uses of the yield curve. b. Discuss three basic theories of the term structure. Expectations Theory: Liquidity Premium Theory: Segmented Market Theory: c. It is true that recent evidence finds little support for the traditional CAPM. Provide and briefly discuss two examples why this is the case? d. If price does not equal value, then assets would be mispriced. Discuss the incentive for investors where price and value are not equal to each other? Question 3. (10 Marks) a. To what extent do investors rely on past information performance when making investment decisions? b. What do the Sharpe and Treynor measures attempt to measure? c. Research has generally shown that fund managers do possess some market timing ability but the results are mixed. Provide an explanation for these conflicting results? d. When considering any investment, the investor will assess the value of the asset and then compare this value to the current price of the asset. Discuss the usefulness of this assessment to the Investor? Question 7. (10 Marks) a. Fama (1970) originally proposed a three-way classification of market efficiency based directly on information. Briefly name and describe Fama's three-way classification. b. What is the price of a bill with 45 days to maturity, a face value of $1 000 000 and a yield of 6.75% p.a.? c. An asset has a standard deviation of 15% and a correlation with the market portfolio of 0.46. If the market has a standard deviation of 25%, what is the beta of the asset? d. A portfolio has a return of 5% and a standard deviation of 10%. If the risk-free rate is 2%, calculate the Sharpe index for the portfolio. Question 8. (10 Marks) a. BMIG Ltd has a current share price of $12.13. It is expected to pay $0.73 in dividends next period and it has a growth rate of 12%. Estimate the cost of equity capital for BMIG Ltd. b. An investor in Australia would like to set up an international portfolio with an expected return of 18%. Assuming a risk-free rate of return in Australia of 3%, a world risk-free rate of 3% ,and an expected return on the world market portfolio of 25%, whatis the required beta for the portfolio to achieve this expected return? c. Discuss three of the five main states in the industry life cycle of a product