vrre Universiïeit w"_ sterda rn
F a c u l l yo l ' I i r o n n n r i c sa n r l B u s i r r c s s
D e p r r t l n c n to l ' l . ' i n a n c c
Exam: l i n r p i r i c l lF i r r a n c e
Progr-am: \4aster''s p"'riod,tr.I
pfograrnirr lr'irrance,
Code: 60432070
l.-ccturer: f)r. Roiliur Kriiussl
Datc: O c t o b c2
r 2.2041
'l'imer:
l 5 . l - 5- 1 8 . 0 0
Duration: 2 h o u r sa r r d . 1 r5r i n u t e s
j [ i : l a r np a r t s : , P l e a s ea n s w c r t ] r c f o l l o u , i n gf i q L r e s t i o n si n, c i L r c l i nagl l 2 0 s L i b - . F o r r , a t r er n. td: e n f . L e
0r(;
qllcstions. . m , l - , è r r t i n {3t i, 1 1c1r r
Dëleted:
'l
Sconng: h e s L r l t - q L r c s l j o t t us t e n o t r e l i r t c d . s o t h u l y o u c l n . c . l l . . i r r s ! \ c r c )
* , i l h o L r kt n o r v i n gl l r c a n s t " er t o b ) , Í ' h e n r a r i r ' t r u rrrrru r n b e ro f ' p o i n r sí b r
c i r c hs t r b - q L r c s t i oi sn J . \ ' o r , rc l i r rr c ; r c l ri r r t o t u l í r ( )l o i r t s .
C r a d c sn u t l c k r o r i , n : l - h eg l r d e s r i i l l b c r l l d c p L r L r l iocn ' I u c s d a \ ' O
. clobcf ]0,2007.
Inspcction: l t i s p o s s i b l t -t o i n s p c c tv o L r rc x a n r p s p c r o i l W c d n e s d l y , O c t o b c r l l .
2 0 0 7 i r t 1 5 . " 1 r0n l A - 1 3 .
Renralks: [ J e r r o t t c i s ca t r d c o r t r p l e t er n ) ' u u l l n s \ \ e r s . A l r v a y s e . r l t l l i i r ry o r i r '
r r l r s w e r se,v c n i { ' n o t e x p l i c i l l l ' c a l l e df o : ' . U s c v o u l ' t i t l e e l f i c i c n t l y .
L . l s et h e r r r l r r i n r u nlrr u n r b e ro f p o i n t s p e l q L r e s t i o a
n s a g u i d el i r r e .
G o o dl u c k a n d s u c c e s s !
, Question l: Behavior"alliinance
a) 13chaviora Í ' li n r n c er f g u e st i r a t" p c o p l ed o r l a l < ca d i f t e r c r r c e "[ .) i s e u s st l r i s
statemcntin the contextoí'llnanei;rlnrrrkcts.
b) lJric111,
cliscLrss
the conccpto1'"'prospccL
thcor'-r'"'.
'l'hulci'
c) Bric.flydiscLrss nrcasol't'cal lrnancialntarl<cts thrt iire accolt'iirrg
1o
( 1999) "nrost at odcls" rvith tlrc tlicolies in st;rrrciartJ [lnaircc textbooks.
Bricfly explarrrrvhy Fattra(1998) beli*,cs tlrat thcse "lorrg-tenl rcfunr
a n o r t t a l.i"e r r i l l d i s l r g l p crA) \ru' f t i n r c .
d ) B r i e f l 1 ' d i s o u s"sl i r a i t st o a r b i t r a g ea" n d d i s c r . r si tss c m p i r i c a e
l v i d e r r c seu c h
(i) (ii)
as tivin shares, inclexinclusiorrs, ancl (iir) intentetciirve*oLlts.
F a c u l l yo l ' I i r o n n n r i c sa n r l B u s i r r c s s
D e p r r t l n c n to l ' l . ' i n a n c c
Exam: l i n r p i r i c l lF i r r a n c e
Progr-am: \4aster''s p"'riod,tr.I
pfograrnirr lr'irrance,
Code: 60432070
l.-ccturer: f)r. Roiliur Kriiussl
Datc: O c t o b c2
r 2.2041
'l'imer:
l 5 . l - 5- 1 8 . 0 0
Duration: 2 h o u r sa r r d . 1 r5r i n u t e s
j [ i : l a r np a r t s : , P l e a s ea n s w c r t ] r c f o l l o u , i n gf i q L r e s t i o n si n, c i L r c l i nagl l 2 0 s L i b - . F o r r , a t r er n. td: e n f . L e
0r(;
qllcstions. . m , l - , è r r t i n {3t i, 1 1c1r r
Dëleted:
'l
Sconng: h e s L r l t - q L r c s l j o t t us t e n o t r e l i r t c d . s o t h u l y o u c l n . c . l l . . i r r s ! \ c r c )
* , i l h o L r kt n o r v i n gl l r c a n s t " er t o b ) , Í ' h e n r a r i r ' t r u rrrrru r n b e ro f ' p o i n r sí b r
c i r c hs t r b - q L r c s t i oi sn J . \ ' o r , rc l i r rr c ; r c l ri r r t o t u l í r ( )l o i r t s .
C r a d c sn u t l c k r o r i , n : l - h eg l r d e s r i i l l b c r l l d c p L r L r l iocn ' I u c s d a \ ' O
. clobcf ]0,2007.
Inspcction: l t i s p o s s i b l t -t o i n s p c c tv o L r rc x a n r p s p c r o i l W c d n e s d l y , O c t o b c r l l .
2 0 0 7 i r t 1 5 . " 1 r0n l A - 1 3 .
Renralks: [ J e r r o t t c i s ca t r d c o r t r p l e t er n ) ' u u l l n s \ \ e r s . A l r v a y s e . r l t l l i i r ry o r i r '
r r l r s w e r se,v c n i { ' n o t e x p l i c i l l l ' c a l l e df o : ' . U s c v o u l ' t i t l e e l f i c i c n t l y .
L . l s et h e r r r l r r i n r u nlrr u n r b e ro f p o i n t s p e l q L r e s t i o a
n s a g u i d el i r r e .
G o o dl u c k a n d s u c c e s s !
, Question l: Behavior"alliinance
a) 13chaviora Í ' li n r n c er f g u e st i r a t" p c o p l ed o r l a l < ca d i f t e r c r r c e "[ .) i s e u s st l r i s
statemcntin the contextoí'llnanei;rlnrrrkcts.
b) lJric111,
cliscLrss
the conccpto1'"'prospccL
thcor'-r'"'.
'l'hulci'
c) Bric.flydiscLrss nrcasol't'cal lrnancialntarl<cts thrt iire accolt'iirrg
1o
( 1999) "nrost at odcls" rvith tlrc tlicolies in st;rrrciartJ [lnaircc textbooks.
Bricfly explarrrrvhy Fattra(1998) beli*,cs tlrat thcse "lorrg-tenl rcfunr
a n o r t t a l.i"e r r i l l d i s l r g l p crA) \ru' f t i n r c .
d ) B r i e f l 1 ' d i s o u s"sl i r a i t st o a r b i t r a g ea" n d d i s c r . r si tss c m p i r i c a e
l v i d e r r c seu c h
(i) (ii)
as tivin shares, inclexinclusiorrs, ancl (iir) intentetciirve*oLlts.
