Section B (2 Mark)
Choose the amount of final tax liability of R for the assessment year 2007-08:

Section A (1 Mark)
One of the tax exemption under avoidance of Double Taxation is U/S Sec 10(6)(ii) for exemption on income received by the diplomats, ambassador, etc

Section B (2 Mark)
The modified duration of a bond is 7.87. The percentage change in price using duration for a yield decrease of
110 basis points is closest to:

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 A (1 Mark)
A cognitive heuristic in which a decision-maker relies upon knowledge that is readily available rather than examining other alternatives or procedures. Which of the following is most likely consistent with this bias?