RSK4805 EXAM PACK
A+
EXAMS AND ALL COURSE
SUMMARISED NOTES
Open Rubric
, Page 1 of 106 RSK4805
Jan/Feb2025
UNISA EXAMINATIONS
UNIVERSITY EXAMINATIONS
January/February 2025
RSK4805
Market Risk Management
Total: 100 marks
Duration: 3,5 hours
EXAMINERS:
First: Dr E van der Westhuizen
Second: Dr JS de Beer
External: Dr AE van der Westhuizen
This examination paper consists of 11 pages.
INSTRUCTIONS
(i) This examination will be proctored by means of The Invigilator app. The use of the app is
compulsory. Failure to use the proctoring tool is a violation of university policies. Access The
Invigilator app now and log in.
(ii) This is an open-book examination, and you can use any calculator during the examination
session.
(iii) You may only use the prescribed book and learning units for the examination. The use of
artificial intelligence (AI) software and other online sources during the online examination is
strictly prohibited.
(iv) Answer all the questions in this paper. You only need to supply your answers to the
questions; you don’t have to rewrite the questions.
(v) Pay special attention to the structuring and numbering of your answers.
(vi) Number the questions the same as they are numbered in the examination paper.
(vii) Perform each calculation as accurately as possible and round the final answer to four
decimal places only (in the case of a percentage), unless otherwise specified in the
question.
(viii) Make sure that you number the pages of your document and that all the pages are scanned
before you upload the file. A good way to number the pages of your document is: 1 of 15, 2 of
15 and so on.
(ix) Name your file as follows: your student number_RSK4805_Exam. Make sure that you select
the correct file for uploading.
(x) Your name and student number and the module code must be clearly stated on the first page
of your document.
(xi) Make sure that the scans are readable, the right side up and not excessively large.
, Page 2 of 106 RSK4805
Jan/Feb2025
(xii) Make sure you stop writing after 3,5 hours and start your upload. You will only have 30
minutes to upload your answer file to the myExams platform.
(xiii) You need to adhere to the universities’ policies on plagiarism, academic integrity and copyright
infringement.
RSK4805
Date: 3 February 2025
INSTRUCTIONS ON THE DAY OF ASSESSMENT:
YOUR EXAM QR CODE & EXAM
Ensure you are connected to the internet in order to log into the ACCESS CODE
Invigilator App and scan this QR code.
If you encounter difficulty in scanning the QR code, you can alternatively
enter the Exam Access Code below the QR code to start the invigilation.
If you finish your assessment before the app timer has run out you need
to press the ‘Finish Assessment’ button and follow instructions before you
exit or minimise the app.
Exam Access Code: 64396a15
, Page 3 of 106 RSK4805
Jan/Feb2025
Scan the QR code at the start time of the assessment, unless
otherwise specified by your institution, note that you can only scan
this QR code once.
The Invigilator App may request you to take photos of your examination script after the assessment. Please
follow the instructions on the app and take note that your academic institution may still require you to submit
your script on the relevant portal.
The QR code is only scannable for a limited time and it should therefore be scanned as soon as
possible after the assessment commencement time.
Keep the Invigilator App open on your smartphone for the full duration of the assessment. You are not
allowed to minimise or leave the app during your assessment.
You must adhere to the assessment time limit communicated to you by your institution. The timer displayed in
the Invigilator may vary depending on the start time of invigilation.
FURTHER GUIDANCE
If you only have one device you may access your assessment in the application by pressing the ‘Access
Browser’ button in the top right corner of your app.
Once the QR code is scanned, ensure your media volume is turned up and place your smartphone next to
you.
The Invigilator App will notify you with a notification beep when you are required to action a photo request,
which you should then perform as soon as possible.
We recommend that you keep your smartphone on charge for the duration of the assessment.
Ensure you are connected to the internet when commencing invigilation. You also need to be connected to
the internet at the end of the assessment in order to upload the app data.
If your assessment has multiple online sections, tests or attempts, you should NOT finish the invigilation until
your entire assessment has been completed.
Should you encounter any technical difficulty, please WhatsApp The Invigilator Helpdesk on +27 (0)73 505
8273
Question 1 [20 marks]
Question 1.1 (10 marks)
1.1.1 The return from the market last year was 10% per annum and the risk-free rate was 6% per
annum. A hedge fund manager with a beta of 1.1 has an alpha of 5%. Given the
performance of the market last year, what annual return did the hedge fund manager earn?
(2)
1.1.2 The following information relates to a share in Lowveld Bank:
State of the economy Probability Annual Return
Expansion 0.45 16%
A+
EXAMS AND ALL COURSE
SUMMARISED NOTES
Open Rubric
, Page 1 of 106 RSK4805
Jan/Feb2025
UNISA EXAMINATIONS
UNIVERSITY EXAMINATIONS
January/February 2025
RSK4805
Market Risk Management
Total: 100 marks
Duration: 3,5 hours
EXAMINERS:
First: Dr E van der Westhuizen
Second: Dr JS de Beer
External: Dr AE van der Westhuizen
This examination paper consists of 11 pages.
INSTRUCTIONS
(i) This examination will be proctored by means of The Invigilator app. The use of the app is
compulsory. Failure to use the proctoring tool is a violation of university policies. Access The
Invigilator app now and log in.
(ii) This is an open-book examination, and you can use any calculator during the examination
session.
(iii) You may only use the prescribed book and learning units for the examination. The use of
artificial intelligence (AI) software and other online sources during the online examination is
strictly prohibited.
(iv) Answer all the questions in this paper. You only need to supply your answers to the
questions; you don’t have to rewrite the questions.
(v) Pay special attention to the structuring and numbering of your answers.
(vi) Number the questions the same as they are numbered in the examination paper.
(vii) Perform each calculation as accurately as possible and round the final answer to four
decimal places only (in the case of a percentage), unless otherwise specified in the
question.
(viii) Make sure that you number the pages of your document and that all the pages are scanned
before you upload the file. A good way to number the pages of your document is: 1 of 15, 2 of
15 and so on.
(ix) Name your file as follows: your student number_RSK4805_Exam. Make sure that you select
the correct file for uploading.
(x) Your name and student number and the module code must be clearly stated on the first page
of your document.
(xi) Make sure that the scans are readable, the right side up and not excessively large.
, Page 2 of 106 RSK4805
Jan/Feb2025
(xii) Make sure you stop writing after 3,5 hours and start your upload. You will only have 30
minutes to upload your answer file to the myExams platform.
(xiii) You need to adhere to the universities’ policies on plagiarism, academic integrity and copyright
infringement.
RSK4805
Date: 3 February 2025
INSTRUCTIONS ON THE DAY OF ASSESSMENT:
YOUR EXAM QR CODE & EXAM
Ensure you are connected to the internet in order to log into the ACCESS CODE
Invigilator App and scan this QR code.
If you encounter difficulty in scanning the QR code, you can alternatively
enter the Exam Access Code below the QR code to start the invigilation.
If you finish your assessment before the app timer has run out you need
to press the ‘Finish Assessment’ button and follow instructions before you
exit or minimise the app.
Exam Access Code: 64396a15
, Page 3 of 106 RSK4805
Jan/Feb2025
Scan the QR code at the start time of the assessment, unless
otherwise specified by your institution, note that you can only scan
this QR code once.
The Invigilator App may request you to take photos of your examination script after the assessment. Please
follow the instructions on the app and take note that your academic institution may still require you to submit
your script on the relevant portal.
The QR code is only scannable for a limited time and it should therefore be scanned as soon as
possible after the assessment commencement time.
Keep the Invigilator App open on your smartphone for the full duration of the assessment. You are not
allowed to minimise or leave the app during your assessment.
You must adhere to the assessment time limit communicated to you by your institution. The timer displayed in
the Invigilator may vary depending on the start time of invigilation.
FURTHER GUIDANCE
If you only have one device you may access your assessment in the application by pressing the ‘Access
Browser’ button in the top right corner of your app.
Once the QR code is scanned, ensure your media volume is turned up and place your smartphone next to
you.
The Invigilator App will notify you with a notification beep when you are required to action a photo request,
which you should then perform as soon as possible.
We recommend that you keep your smartphone on charge for the duration of the assessment.
Ensure you are connected to the internet when commencing invigilation. You also need to be connected to
the internet at the end of the assessment in order to upload the app data.
If your assessment has multiple online sections, tests or attempts, you should NOT finish the invigilation until
your entire assessment has been completed.
Should you encounter any technical difficulty, please WhatsApp The Invigilator Helpdesk on +27 (0)73 505
8273
Question 1 [20 marks]
Question 1.1 (10 marks)
1.1.1 The return from the market last year was 10% per annum and the risk-free rate was 6% per
annum. A hedge fund manager with a beta of 1.1 has an alpha of 5%. Given the
performance of the market last year, what annual return did the hedge fund manager earn?
(2)
1.1.2 The following information relates to a share in Lowveld Bank:
State of the economy Probability Annual Return
Expansion 0.45 16%
