Mr Chad Cheatem has asked you to carefully examine two notions (The Semi-strong Efficient Market Hypothesis and Stock-valuation Models).
Based on your research, Mr Cheatem expects you to provide a 1½ page memo on whether or not it is possible for someone to develop a Stock-valuation Model that will consistently beat the market.
Mr. Howe, a Junior Partner of the CPA firm Dewey, Cheatem & Howe, has asserted that the business of business is business and that Corporations exist to maximize profits.
Required: Discuss whether this assertion is a reasonable way to manage corporations, discuss any viable alternatives, and come to a conclusion.
MEMO 03 (For this memo except calculations, all the rules prescribed on page 1 shall be applied, thanks)
Mr. de Ville, the owner of Tasman Ian de Ville Holdings Ltd. (TIDH) has asked you to evaluate five investment projects. TIDH has a $10,000,000 investment budget, an investment hurdle rate of 11.0 %, and the owner has a requirement that all investments have a Payback Period (PBP) of under 3.5 years. Also, Project 2 brings the offices and