Calculate three day return earned by your firm

Reference no: EM131664343

Assignment

Step 1

Identify (interim or final) dividend change using "dividend history from the DatAnalysis Premium Database" for the company allocated to you for the assignment.

A dividend change is defined as the relative difference from the previous year's level.

Interim dividend change = interim dividend per share in year t minus interim dividend per share in year t-1.

Final dividend change = Final dividend per share in year t minus Final dividend per share in year t-1.

Step 2

Announcement date for the dividend change can be identified from "ASX announcements from the DatAnalysis Premium Database".

Announcement date for interim dividend change: use the announcement date of half yearly report

Announcement date for final dividend change: use the announcement date of preliminary final report

Select "ASX announcements"

Select "Search option - Click here to refine your search by ASX Announcement Type and/or text search" for Announcement Type: select periodic reports for Sub-Announcement Type: select preliminary - final statement for final dividend; half yearly report interim dividend change specify the date rage.

Step 3

(i) Calculate three day return earned by your firm for the period from the day before the announcement continuing through the day after the announcement date; and two day return earned by your firm for the period from the day of the announcement to the day after the announcement date

(ii) Calculate the market return for the corresponding periods in (i).

(iii) Calculate the excess: (i) - (ii)

Step 4

Check the results for any other two students in your tutorial class and report that result in your assignment.

Step 5

Discuss the relevant theory with the findings in Step 3 and Step 4.

Reference no: EM131664343

Questions Cloud

Write a paper on depression and substance use disorders : Provide a definition of co-morbidity and identify which psychological maladies are most frequently co-morbid with substance use disorders.

Discuss the interrelationship of dna : Discuss the interrelationship of DNA, RNA, and proteins in the cell. Explain the specific underlying cellular mechanisms of this relationship.

What is budgeted variable cost per lot at providence plant : Price and efficiency variances, benchmarking. Nantucket Enterprises manufactures insulated cold beverage cups printed with college and corporate logos.

List important discoveries in microbiology : List important discoveries in microbiology and their importance. Discuss the classification schema

Calculate three day return earned by your firm : Calculate three day return earned by your firm for the period from the day before the announcement continuing through the day after the announcement date.

Calculate direct manufacturing labor variances : Basix Inc. calculates direct manufacturing labor variances and has the following information: Actual hours worked: 200.

Prokaryotic and eukaryotic cellular organisms : Write an essay discussing the similarities and differences between prokaryotic and eukaryotic cellular organisms.

Prepare revised performance report that uses flexible budget : Actual output was 10,000 attaché cases. Assume all three direct-cost items shown are variable costs. Is the president's pleasure justified?

Evaluate the market power potential of business venture : Describe the type of market research you will need and the resources you will utilize to obtain the information.

User Account

All Pages