Please find the revised class schedule available within the "Others" folder link above. Adjust your academic plan accordingly.
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Due to the change in academic calendar made by the Registrar's Office, there will be no ACT201 class on this Thursday (25-06-09); instead, FIN254 class will be held. Revised class schedule will be available soon.
Thanks.
Assignments are now available. Please check the course folder links above to download. The submission due dates are mentioned in the assignments.
These are home assignments and supposed to be done at home. So, I don’t want to see you doing the assignments in my class. Your assignments must have a cover page with your name, id, assignment number, course details, submission date, etc.
I prefer hand-written assignments. Computer composed assignments will also be accepted but make sure nobody else has access to your softcopy of the assignments. Let me remind you… copying somebody else’s assignment is a form of cheating and it may result a failing grade in your course.
Thanks.
This semester is unique in many aspects. The most prominent one is that we have finally moved to our own permanent campus. We will be having our classes in this new campus for the first time. I remember when I was a student of NSU 14 years ago, I used to pay for the development of this campus. Although I am not a student here anymore, I feel a similar enthusiasm that you are feeling.
Please beware that the campus building is not 100% complete. So, you may face a lot of minor but solvable inconveniences. I would request you to be patient. Let us make the dawn of a new era pleasant and memorable.
For extra credit, please read the course outline (full version) thoroughly. Follow the instructions, given in the course outline, carefully to send the filled up student profile excel file. You may download the student profile using respective course folder link above.
I wish you all the very best for the semester. Thanks.
As decided by the NSU Authority the Advising for Summer 2009 will resume on the 24th of May and continue till 26th. All students are advised to participate accordingly. For more specific information please check NSU official website.
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Passwords for advising may be collected from day after tomorrow. A new advising schedule will be published. Those of you who already went through the advising process do not need to get advised again.
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I am receiving a lot of emails regarding advising status from students. I don't think advising will be cancelled. You know such decisions come from the top. As far as I know there will be a high-level meeting today and some important decisions will be made there regarding advising, convocation, moving to the new campus, commencement of classes etc. I will publish the decisions when I am informed. So you may check my blog and NSU website from time to time for latest status.
Online advising facility is available. You may collect your password from IS dept if you haven't done it yet. IS dept will remain open although NSU is declared closed for 2 days from today. You may do your own advising at your advising time-slot from home/cyber-cafe. If you have problem with retaking a course or prerequisite, you may resolve that problem from the BBA Dept once university is open.
I am very thankful to them who emailed me to know about my wellbeing. I am doing alright. What happened yesterday at NSU was something that had never happened before in 18 years of NSU history. It was really a disgraceful and shameful event. The atrocities they showed by vandalizing, assaulting teachers and fellow students, and most heinous attacks on and around the office of our honorable VC sir, just stunned me! It was utterly unbelievable. Such an act is outright unacceptable from the students we teach in the hope of instilling better human nature in them and make them future leaders of our nation.
Students have every right to protest for their rights. But they should do it peacefully. They don't have any right to force other students not to get advised or harass after advising! Anyway, I don't want to get into any arguments here. I am also an NSU alumni. After all it is OUR institution. What WE do here reflects US in the community where we live in. Such events will definitely have consequences when you graduate from here in future. You should preserve the reputation of NSU by all means for your own sake.
Thanks.
Grades have been submitted to the department and also into the online database. Please contact the BBA department or the Registrar's office for your grade. You may email me to know unofficial grade. For detailed marks, please follow the previous post.
It's been a pleasant semester with you. Hope you feel the same. Enjoy the holidays.
An Income Opportunity...
Those of you who are interested to earn extra pocket money during this semester break, you may avail this opportunity. If you can arrange a buyer for a new car, you may earn a commission ranging from 10,000 taka to 20,000 taka per sold car! If you are intereseted then contact me (email me or post a comment providing your contact info) for more details.
Thanks.FIN254 project scores updated!
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Extra credit marks updated. I am still waiting to receive the project files from the following FIN254 students. This is the last call. If any one of you know them, please let them know.
051366030 (Kamrul); 071242030 (Alifuzzaman); 073032030 (Aumi); 082400030 (Waresh)
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The final marksheets are available in respective course folders above. Please inform all your friends/classmates about this. Sorry, I could not finish them completely (marks for extra credit and project of FIN254 are yet to be recorded) because of a strong headache. I will try to update them tomorrow. I am planning to be in my office tomorrow morning. If you want to verify your marks, you may come to my office and check your scripts.
Your grades would be prepared day after tomorrow on the 27th of April (the last day of grade submission) based on the marks posted here. So, check them carefully. If you notice any discrepancy in the marks, please let me or my TA know immediately. Otherwise, it might be too late!
For FIN254 students: if you are yet to get my confirmation email about the project, do submit your project files again by tomorrow morning. To my knowledge the following students are yet to send me the project files:
051366030 (Kamrul); 071242030 (Alifuzzaman); 073032030 (Aumi); 082400030 (Waresh)
Thanks.
Q: Sir, you said that for all the shares the investment period should be 10 years but some shares ‘(janata insurance etc.) Closing date is October 30 2008 instead of December 30th. So in the auto calculation worksheet the investment period is shown 9.8 years. Should I leave it like that or manually change the investment period to 10.
Q: Sir, I am facing problem regarding the findings part. Can you send a sample please?
Here is a guideline… You may talk about your investments in five companies. Compare the performances of the companies you invested in. Tell me which companies gave you better returns and what may be reasons (probably they gave higher dividend regularly etc.) and which companies could not give a decent return and why (may be they were irregular in their dividend payments or they never gave any dividends at all etc). What may be your recommendation (choosing a right company for investment) to a new investor in the capital market based on your findings and learning from this project?
Ans: Let me use the example (Al Arafa Bank) I provided you as a sample. The cumulative return was 1944.38%. It means your investment grew nearly 2000 percent or 20 times in the past 10 years, indicating one taka of your investment grew to twenty taka in 10 years! Similarly periodic return of 194.44% means, nearly 200 percent or 2 times average growth every year!
Q: Sir, I am not sure about the DAD PART OF the dividend information regarding the year 1999 and 2000. How can I provide the exact date for these two years?Ans: Unfortunately, the DADs (dividend announcement or declaration dates) for 99 and 2000 are not available. That's why we need to estimate those dates based on 2001 and 2002 DADs by taking the average of them.
Ans: When you insert a date in excel, instead of writing the date with slash sign (for example, 12/02/08) right in full format (for example, 12 feb 08), excel will take care of the rest.
Ans: It's there! It's BD. Industrial Finance Co under 'BANKS' sector. Please put a little more effort!!!
Ans: I think there is no problem in those files. These two particular files are in 'RAR' format, a compressed file format. You need to ‘un-rar’ them before you can use the files. For that you need to use RAR type of software (for example, winrar) which is freely available online. Use that software to open them and use the files. I have added a ‘winrar’ software free version in the resources (both lab and online) for your convenience.
Ans: 1B:5 means 1 bonus share against 5 shares which is equivalent to 20% bonus share. Similarly 1B:2 would mean 50% bonus share.
Ans: You are correct. 1B:7 and 1B:14 are equivalent to 14.29% and 7.14%. Don't bother about the auto-rounding. Formula will take decimals into consideration.
Ans: Please look at the dividend file carefully. BIFC announced following dividends
Q: Sir, if the 3rd month from the cash dividend declared date is after Dec 2008 then what I should do as price data is not available after 2008 and that is beyond the investment period.
Q: Sir, I am having some problem with the project. For Desh Garments last CP given is of 14-12-02. Should I take it as the end CP of DEC 2002?
Q: Sir, Do I include D.A.D(9/17/2001), Cash (0), 3RDM(Dec)?
Q: Sir, I have seen the company listing information of UCBL on the DSE Website and it shows that they have declared a 30% Bonus issue for 2001 but I cannot find the declare date any where for it. So, I could not include the 30% bonus issue in the excel file for UCBL without that date.
Q: Are we just required to comment on the cumm. and average return for the various companies in the word file? Do I mail you both the excel and the word file (softcopies) only?
Q: What do "1B:4,1R:2", "5%(1B:20)" and "35%B,1R:2" mean? I know what individually 1B:4 means and what 30%B means, but i don't know what the "R" term means and how to interpret them together.
Q: What do you think about my stock .........? I am having this type of problem with it? What to do with it?
Ans: Please don't use the blog to ask me specific share related problem. In that case, email me directly. It's not practical to post solutions to hundreds of such individual stock related problems here. Hope you would understand. Thank you.
I will try to be available in my office from 11 am to 1 pm on the 19th and on the 20th of April. You are welcome to see me if you have any problem/issue. Thanks.
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I am planning to be in my office from 11 am to 1 pm on the 15th and on the 16th of April. You are welcome to see me if you have any problem/issue. Thanks.
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I will be available in my office from 11 am to 1 pm on 13th of April. You are welcome to see me if you have any problem/issue. Thanks.
Send the completed project files (six files in total: five excel files for five assigned instruments and one word document file for the short report with your findings) to both of my email addresses (To: imran.edu@gmail.com, imran@northsouth.edu) as six attachments by the due date 19th of April, 2009 (Sunday). That means you may send your completed project earlier if you can finish early.
Please wait at least one day for email acknowledgment from me as a confirmation of my receipt of your email. If you don’t receive my acknowledgment by one day then resend the email to me and notify my TA. Please keep checking your email frequently around that period because I will send you an email if I find significant problem in your work/files.
Thank you and wish you best of luck for the project.
Registrar's office announced the final exam schedule. My ones are as follows:-
ACT201 => 17-April-2009 (Friday) in SPZ631 at 8:00 am
FIN254 => 22-April-2009 (Wednesday) in SPZ601 at 8:00 am
Best of luck.
Sir, in chapter-10 problem-13 it is said "the sausage system will save the firm $130,000 in pretax operating costs". Is this the EBIT? In problem-14 it is said "you will save $330,000 before taxes per year in order processing costs and you will be able to reduce working capital by $125,000 (this is a one time reduction)". Is the $330,000 the EBIT? Is the $125,000 the change in NWC at the end of the project?
For problem 13, we may use the “Tax Shield Approach” to calculate OCF. In that case, the given pretax OCF is just “Sales – Costs” part of the equation. We may also use the basic approach, OCF = EBIT + Depreciation - Taxes. In this case, given pre-tax OCF is actually “OCF + Taxes” leaving “EBIT + Depreciation” on the other side of the equation.
For problem 14, ‘saving $330,000 before taxes per year’ is actually referring to the pretax OCF, not EBIT. So, we solve this problem using similar approach as discussed above for problem 13. Accepting this project means that we will reduce NWC. This reduction in NWC is a cash inflow at Year 0. This reduction in NWC implies that when the project ends, we will have to increase NWC. So, at the end of the project, we will have a cash outflow to restore the NWC to its level before the project.
Sir, sometimes the correct IRR is something like 19.78% , and its very difficult to find out the correct figure as it is too time consuming by using trial and error method . Can we just give the approximate figure , would you deduct any marks for that . like suppose the correct IRR is 19.78% and if i write "IRR is 19.7% could be little higher than that."
Rounding 19.78% to 19.8% (instead of 19.7%) will do.
Sir, how do we calculate capital gains yield?
Capital gains yield is simply percentage change in price. For a stock, the capital gains yield will be the change in price divided by the original (purchase) price expressed in percentage. For example, suppose you purchased a share of ABC Corporation for $200 and later sold the share for $220. The capital gains yield for that investment would be = [(220-200)/200]x100 = 10%. Similarly, if you sell at a lower price (less than the purchase price), your capital gains yield would be negative.
Sir, in chapter-6 for problem 24 we use the periodic rate right? but for problem 25 should we use APR or EAR? unless it is stated in the question that we are comparing between two investments, we are supposed to use APR. is my concept correct?
Please see the answer to the following question. For all types of TVM calculations, we need APR to find out periodic interest rate. So, for both problems you need APR.
Sir, when we calculate the future or present value of an annuity and we need the annual rate of return, which rate do we have to use? APR or EAR?
For Time Value of Money (TVM) calculations we need to use periodic interest rate (not necessarily annual rate, it may be a monthly rate, or a quarterly rate depending on the situation). That means for annual periods (annual compounding) we need to use APR, for monthly periods (monthly compounding) we need to divide APR by 12 (if monthly rate is not given in the problem) to get monthly rate, and so on.
However, we need EAR to compare different investment alternatives.
Sir, I am having great difficulty understanding the rates of return. When it is said "with monthly compounding" or "compounded monthly" it is the APR right? We divide it by 12 to get the actual rate per month right? When it is said say 14% per month it is the actual monthly rate right? In the selected lecture notes that you have given us, on page 39, why is it FV sir? Should'nt it be PV?
Yes, you are right. The phrases “with monthly compounding” and “compounded monthly” mean the same thing. If an annual rate is given and it is not mentioned that it’s an effective rate, it’s always the annual percentage rate (APR). So, you devide that rate by the number of such periods in a year to get the periodic rate, just like you said. If a periodic rate is mentioned that’s the actual rate for that period.
In the daily compounding problem you are referring to, please notice that the amount $15,000 will be needed after 3 years (FUTURE VALUE) to buy a car and you want to calculate the amount of money you need to deposit today (PRESENT VALUE), so that at 5.5% APR based on a daily compounding it (today's deposit) would grow to your desired amount after 3 years.
Make-up class schedule of previously cancelled classes is as follows:
FIN254.5 => Make-up on the 7th of March, 2009 (Saturday)
ACT201.8 & ACT201.13 => Make-up on the 14th of March, 2009 (Saturday)
Class time & room numbers remain the same for all except for ACT201.13 (BTA430 instead of BTA400).
Thank you.
Due to National Mourning Day, all classes of today (Sunday, 1st of March, 2009) have been cancelled as well.
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According to a notice by the Registrar's Office, all classes and exams of Wednesday, 25 February 2009 have been cancelled. Thus today's class of FIN254 of section 5 will not be held. Make-up class day will be announced later.
Due to unavoidable circumstances all undergraduate classes of Sunday, 1st February, 2009 will be held on Thursday, 5th February, 2009.
- A notice from the Registrar's Office
This is to welcome all my students to a new semester - Spring 2009. You may download course outlines, assignments, other resources using the links shown above under the heading "Spring 2009 Folders".
Please check my blog from time to time for announcements and updates. You may use any 'comments' link found at the end of each post on this page to leave a comment, ask me a question, or share any academic or non-academic issue. If it is unique/personal in nature, please provide your email address so that I can contact you or give you a feedback. Otherwise, you may leave an anonymous comment.
My dear students:
The Royal Thai Embassy is planning a trip to Thailand for university students under a project called 'Education Thailand'. All necessary expenses would be covered by the Embassy. For more details download the attached.
Thanks.
I feel very proud to inform all of you that some Bangladeshi engineers/scientists contributed toward successful development of this amazing processor. For more details, please visit the following link.
Thanks.
Grades have been posted. Please contact the registrar's office for your grade. You may email me to know unofficial grade. For detailed marks, follow the previous post.
It's been a pleasant semester with you. Hope you feel the same. Enjoy the holidays.
Thanks.
Your marks are available in the following link. Marks in RED indicate make-up exam scores. Please verify whether your marks are recorded correctly. If not, please contact my Teaching Assistant, Mr. Tarek @ 01911-143-523. Thanks.
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I am planning to be there in my office on the 19th December, 2008 (Friday) from 9 am to 11:30 am. If you want you may check your final exam scripts. Keep on checking my blog. I am about to post the marks here shortly (within today!).
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Eid Greetings to all of you.
I am planning to be in my office on the 13th & 14th of December, 2008 (SAT & SUN) from 10 am to 1 pm. If you are interested to see me please come by.
Thank you.
