AAFM Related Exams
CWM_LEVEL_2 Exam
Section A (1 Mark)
The stage in venture Capital financing where the business plan is completed and presented to a venture capital firm is called________________.
Section C (4 Mark)
The required rate of return on an investment is 12%, you estimate that a firm X’s dividend will grow as follows:

For the subsequent years you expect the dividend to grow at the more modest rate of 7% annually. What is the maximum price that you should pay for this stock?
Section B (2 Mark)
After making an investment, assume that an investor overhears a news report that has negative implications regarding the potential outcome of the investment he has just executed. How likely is he to then seek information, if he exhibits self attribution bias, that could confirm that you’ve made a bad decision?