2.基本概念和知识点 a)Apply the Black-Scholes Option Pricing (BSOP)model to financial product valuation and to asset valuation: i)Determine and discuss,using published data,the five principal drivers of option value (value of the underlying,exercise price,time to expiry, volatility and the risk-free rate) ii)Discuss the underlying assumptions,structure,application and limitations of the BSOP model. b)Evaluate embedded real options within a project,classifying them into one of the real option archetypes. c)Assess,calculate and advise on the value of options to delay,expand, redeploy and withdraw using the BSOP model. 3.问题与应用 a)What is basic assumption of BSOP model? b)What is application of BSOP model? 第三节 1.主要内容 Impact of financing on investment decisions and adjusted present values 2.基本概念和知识点 a)Identify and assess the appropriateness of the range of sources of finance available to an organisation including equity,debt,hybrids,lease finance,venture capital,business angel finance,private equity,asset securitisation and sale and Islamic finance.Including assessment on the financial position,financial risk and the value of an organisation. b)Discuss the role of,and developments in,Islamic financing as a growing source of finance for organisations:explaining the rationale for its use, and identifying its benefits and deficiencies. c)Calculate the cost of capital of an organisation,including the cost of equity and cost of debt,based on the range of equity and debt sources of finance.Discuss the appropriateness of using the cost of capital to establish project and organisational value,and discuss its relationship to such value. d)Calculate and evaluate project specific cost of equity and cost of capital,including their impact on the overall cost of capital of an organisation.Demonstrate detailed knowledge of business and financial risk, 10 10 2.基本概念和知识点 a) Apply the Black-Scholes Option Pricing (BSOP) model to financial product valuation and to asset valuation: i) Determine and discuss, using published data, the five principal drivers of option value (value of the underlying, exercise price, time to expiry, volatility and the risk-free rate) ii) Discuss the underlying assumptions, structure, application and limitations of the BSOP model. b) Evaluate embedded real options within a project, classifying them into one of the real option archetypes. c) Assess, calculate and advise on the value of options to delay, expand, redeploy and withdraw using the BSOP model. 3. 问题与应用 a) What is basic assumption of BSOP model? b) What is application of BSOP model? 第三节 1.主要内容 Impact of financing on investment decisions and adjusted present values 2.基本概念和知识点 a) Identify and assess the appropriateness of the range of sources of finance available to an organisation including equity, debt, hybrids, lease finance, venture capital, business angel finance, private equity, asset securitisation and sale and Islamic finance. Including assessment on the financial position, financial risk and the value of an organisation. b) Discuss the role of, and developments in, Islamic financing as a growing source of finance for organisations; explaining the rationale for its use, and identifying its benefits and deficiencies. c) Calculate the cost of capital of an organisation, including the cost of equity and cost of debt, based on the range of equity and debt sources of finance. Discuss the appropriateness of using the cost of capital to establish project and organisational value, and discuss its relationship to such value. d) Calculate and evaluate project specific cost of equity and cost of capital, including their impact on the overall cost of capital of an organisation. Demonstrate detailed knowledge of business and financial risk