You work for "Future Invest" a large asset owner (for example, a superannuation or pension fund). Future Invest integrates ESG into its investment decision-making process but now wants to take the next step and fully embed operating sustainably and contributing positively to the SDGs into its investment thesis. a) What is the difference between ESG integration and embedding sustainability and positive impact into investment decision-making? b) What reasons could Future Invest have for wanting to move beyond ESG integration to more fully incorporate sustainability and positive impact into its investment thesis? c) Future Invest aims to maximise its positive contribution to sustainable development but is unsure about how to achieve it. What advice would you give Future Invest? 1. Price of a bond, debenture and note at a coupon date P= 1-(1+i) A(1+i 2. Price of a bond, debenture and note between coupon dates (above formula adjusted by (1+1)* 1-(1+i)" + A(1+i)" (1+i) 3. Calculation of payment when present value (A) known e.g. instalment on mortgage loan A R 1-(1+i)" i 4. Pricing a Share with a Constant Dividend Do Po = rs 5. Pricing a Share with a Constant Dividend Growth Rate Do(1 + g) P = rs - g 6. Discount Securities - calculation of price and yield 6.1. Price = 365 x face value 365 + (yield/100 x days to maturity) 6.2. Yield = (sell price - buy price) x (days in a year x 100) buy price x days to maturity 7. Value of a Right V=N (cum rights price-subscription price) N+1