Individual Assignment Answer ANY TWO of the following questions, which are equally weighted.
Your answer to each question should be in the form of an essay. Each answer is limited to 750 words not counting references or mathematical notation. In writing your essays, use concepts from the lectures as well as other material. The latter may include, but is not limited to, academic papers, newspaper articles, governmental reports, and industry surveys, all of which you should source yourself.
ANSWER ANY TWO OF THE FOLLOWING
1. Discuss how the risk of pandemics such as Covid-19 fits into the Capital Asset Pricing Model. [50 marks]
2. How would you expect corporate capital structures to evolve in the next few years in light of the Covid-19 pandemic? [50 marks]
3. How do you reconcile the existence of a fund management industry with market efficiency? [50 marks]
