Assuming that a vaccine against hepatitis C was developed. To evaluate the effectiveness of this vaccine, the population that should be selected as the research object is

(b) Assuming that the cost of equity and cost of debt do not alter, estimate the effect of the share repurchase on the company’s cost of capital and value. (5 marks)

(ii) Assuming the new structure is implemented with effect from 1 August 2006, calculate the level of

management charge that should be made by Bold plc to Linden Limited for the year ended 31 July

2007, so as to minimise the group’s overall corporation tax (CT) liability for that year. (2 marks)

Which of the following is LEAST likely to be found as a fossil, assuming that all are buried rapidly?

A．A worm.

B．A shark.

C．An elephant.

D．A human ancestor.

Which of tile following is LEAST likely to be found as a fossil, assuming that all are buried rapidly ?

A．a dinosaur.

B．a woolly mammoth.

C．a human ancestor.

D．a worm.

(b) Assuming that Thai Curry Ltd claims relief for its trading loss against total profits under s.393A ICTA 1988,calculate the company’s corporation tax liability for the year ended 30 September 2005. (10 marks)

Which of the following payment terms eliminates the exchange risk, assuming the exporter invoices in foreign currency? ______.

A．Confirmed irrevocable documentary credit

B．Open account

C．Documentary collection D/A

D．None of the above

Which of the following payment terms eliminates the exchange risk, assuming the exporter invoices in foreign currency?______.

A．Confirmed irrevocable documentary credit

B．Open account

C．Documentary collection D/A

D．None of the above

Assuming that the rate of return of an asset follows a normal distribution with a mean of 8% and standard deviation of 6%, the probability that the rate of return will be below 6% is closest to? Cumulative probability for a standard normal distribution: N (0.33)=0.6293.

A.62.93%.

B.59.87%.

C.37.07%.

Pamela is a young mother whose parents are both deceased. Assuming that disease X is a genetic disorder with either a dominant or a recessive inheritance pattern, which of the following statements is accurate?

A.If neither of Pamela’s parents ever had disease X, then Pamela does not and never will have disease X.

B.If neither Pamela nor the father of Pamela’s child has disease X, then that child will never have disease X.

C.If both of Pamela’s parents had at least one copy of the disease X gene,then Pamela also has at least one copy of the disease X gene.

D.If neither of Pamela’s parents ever had disease X, but Pamela has disease X,then disease X is not a dominantly inherited genetic disorder.

(c) Assuming that she will survive until July 2009, advise on the lifetime inheritance tax (IHT) planning

measures that could be undertaken by Debbie, quantifying the savings that can be made. (7 marks)

For this question you should assume that the rates and allowances for 2004/05 apply throughout.