I want a Finance Case study report. Which has to be very accurate. Please accept the work if you believe that you can do it accur
I want a Finance Case study report. Which has to be very accurate. Please accept the work if you believe that you can do it accurately and if you can work with excel and spreadsheets. The questions and the attachments are posted below.
There are 2 files that you should download.
The pdf file contains instructions and questions.
The xls file contains template spreadsheets that you need to fill out according to the instructions and then submit it as your report for this case.
You also have the harvard article on TD Ameritrade in the attached, so that you can read the description of the situation and obtain the data necessary to answer the questions.
Below, you will find the links to 2 videos, discussing the instructions, the spreadsheet template, and the solution.
Video 1: Ameritrade case assignment video (https://vimeo.com/569399137)
Video 2: Ameritrade case template video (https://vimeo.com/569399261)
Ameritrade case discussion video
password for the videos: nofreelunch
case sheet
Note: Shaded areas should contain formulas calculating the corresponding numbers. Please do not change the format of the spreadsheet. Any changes to the format will lead to score deductions. | ||||||||||||||
Case Sheet – Ameritrade | ||||||||||||||
Summary of Conclusions | ||||||||||||||
Prepared by: | Bill Gates, Warren Buffett, and Mark Cuban | |||||||||||||
Date: | 1/31/20 | |||||||||||||
Q1 – report here the return for Quick & Reily for the month of March 1997 | x | |||||||||||||
Q3 – should you use Ameritrade’s own beta? (explain) | explain | |||||||||||||
Q4 – comparables (explain your choices here and indicate in column C, rows 18-32) | explain | |||||||||||||
Q6 – report here the return for the EW portfolio of the comparables for April 1997 | x | |||||||||||||
Q8 – EW or VW beta? (explain) | explain | |||||||||||||
Q9 – calculate Ameritrade's Re: | ||||||||||||||
Rf | x | |||||||||||||
Rm – Rf | x | explain | ||||||||||||
beta | x | explain | ||||||||||||
Re | x | |||||||||||||
Questions 2, 5, 7 – below | ||||||||||||||
Indicate here your choices of comparables | VW beta | St. Err. | 95% lo | 95% hi | EW beta | St. Err. | 95% lo | 95% hi | N | t | ||||
1 | Ameritrade | x | x | x | x | x | x | x | x | x | x | |||
2 | E*Trade | x | x | x | x | x | x | x | x | x | x | |||
3 | Quick & Reilly | x | x | x | x | x | x | x | x | x | x | |||
4 | Schwab | x | x | x | x | x | x | x | x | x | x | |||
5 | Waterhouse | x | x | x | x | x | x | x | x | x | x | |||
6 | A G Edwards | x | x | x | x | x | x | x | x | x | x | |||
7 | Bear Stearns | x | x | x | x | x | x | x | x | x | x | |||
8 | Lehman Bros. | x | x | x | x | x | x | x | x | x | x | |||
9 | Meckler-media | x | x | x | x | x | x | x | x | x | x | |||
10 | Merrill Lynch | x | x | x | x | x | x | x | x | x | x | |||
11 | Morgan Stanley | x | x | x | x | x | x | x | x | x | x | |||
12 | Netscape | x | x | x | x | x | x | x | x | x | x | |||
13 | Paine Webber | x | x | x | x | x | x | x | x | x | x | |||
14 | Raymond James | x | x | x | x | x | x | x | x | x | x | |||
15 | Yahoo! | x | x | x | x | x | x | x | x | x | x | |||
Q5 – | Average beta of comparables you chose | x | x | |||||||||||
Q7 – | Comparables portfolio | x | x | x | x | x | x | x | x | x | x |
return calc
Note: Shaded areas should contain formulas calculating the corresponding numbers. Please do not change the format of the spreadsheet. Any changes to the format will lead to score deductions. | ||||||||||||||||||||||||||
Ameritrade | Charles Schwab | E*Trade | Quick & Reilly | Waterhouse Investor Services | ||||||||||||||||||||||
Date | Shares | Price | Dividend | Stock Split | return | Shares | Price | Dividend | Stock Split | return | Shares | Price | Dividend | Stock Split | return | Shares | Price | Dividend | Stock Split | return | Shares | Price | Dividend | Stock Split | return | |
1 | 29-Aug-97 | 14,518 | 18.813 | – 0 | x | 176,422 | 42.750 | 0.050 | x | 30,958 | 32.125 | – 0 | x | 38,664 | 34.250 | 0.060 | 0.307 | |||||||||
2 | 31-Jul-97 | 14,518 | 15.375 | – 0 | x | 176,422 | 47.000 | – 0 | x | 30,958 | 30.500 | – 0 | x | 38,664 | 26.250 | – 0 | 0.129 | |||||||||
3 | 30-Jun-97 | 14,518 | 15.750 | – 0 | x | 175,813 | 40.500 | – 0 | x | 30,958 | 19.625 | – 0 | x | 38,606 | 23.250 | – 0 | 0.011 | |||||||||
4 | 30-May-97 | 13,153 | 14.000 | – 0 | x | 175,068 | 40.625 | 0.050 | x | 30,440 | 17.625 | – 0 | x | 37,760 | 23.000 | 0.060 | 0.042 | |||||||||
5 | 30-Apr-97 | 13,153 | 12.500 | – 0 | x | 175,068 | 36.625 | – 0 | x | 30,440 | 15.000 | – 0 | x | 37,760 | 22.125 | – 0 | 0.060 | |||||||||
6 | 31-Mar-97 | 13,153 | 15.625 | – 0 | 175,173 | 32.000 | – 0 | x | 30,440 | 18.000 | – 0 | x | 37,760 | 20.875 | – 0 | 1.5 | -0.105 | |||||||||
7 | 28-Feb-97 | x | x | x | x | x | x | x | x | x | x | 25,173 | 35.000 | 0.190 | x | |||||||||||
8 | 31-Jan-97 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
9 | 31-Dec-96 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
10 | 29-Nov-96 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
11 | 31-Oct-96 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
12 | 30-Sep-96 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | 11,501 | 37.875 | x | |||||||
13 | 30-Aug-96 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | 11,501 | 37.375 | 0.220 | x | |||||||
14 | 31-Jul-96 | x | x | x | x | x | x | x | x | x | x | 11,501 | 37.625 | – 0 | x | |||||||||||
15 | 28-Jun-96 | x | x | x | x | x | x | x | x | x | x | 11,458 | 37.125 | – 0 | x | |||||||||||
16 | 31-May-96 | x | x | x | x | x | x | x | x | x | x | 11,458 | 36.625 | – 0 | x | |||||||||||
17 | 30-Apr-96 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
18 | 29-Mar-96 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
19 | 29-Feb-96 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
20 | 31-Jan-96 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
21 | 29-Dec-95 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
22 | 30-Nov-95 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
23 | 31-Oct-95 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
24 | 29-Sep-95 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
25 | 31-Aug-95 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
26 | 31-Jul-95 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
27 | 30-Jun-95 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
28 | 31-May-95 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
29 | 28-Apr-95 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
30 | 31-Mar-95 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
31 | 28-Feb-95 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
32 | 31-Jan-95 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
33 | 30-Dec-94 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
34 | 30-Nov-94 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
35 | 31-Oct-94 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
36 | 30-Sep-94 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
37 | 31-Aug-94 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
38 | 29-Jul-94 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
39 | 30-Jun-94 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
40 | 31-May-94 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
41 | 29-Apr-94 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
42 | 31-Mar-94 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
43 | 28-Feb-94 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
44 | 31-Jan-94 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
45 | 31-Dec-93 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
46 | 30-Nov-93 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
47 | 29-Oct-93 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
48 | 30-Sep-93 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
49 | 31-Aug-93 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
50 | 30-Jul-93 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
51 | 30-Jun-93 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
52 | 28-May-93 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
53 | 30-Apr-93 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
54 | 31-Mar-93 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
55 | 26-Feb-93 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
56 | 29-Jan-93 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
57 | 31-Dec-92 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
58 | 30-Nov-92 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
59 | 30-Oct-92 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
60 | 30-Sep-92 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
61 | 31-Aug-92 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
62 | 31-Jul-92 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
63 | 30-Jun-92 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
64 | 29-May-92 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
65 | 30-Apr-92 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
66 | 31-Mar-92 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||
28-Feb-92 | x | x | x | x | x | x | x | x | x | x | x | x | ||||||||||||||
Source: Center for Research on Security Prices, University of Chicago. |
&P
betas
Note: Shaded areas should contain formulas calculating the corresponding numbers. Please do not change the format of the spreadsheet. Any changes to the format will lead to score deductions. | |||||||||||||||||||
Date | VW market | EW market | EW portfolio of coparables | Ameritrade | E*Trade | Quick & Reilly | Schwab | Waterhouse | A G Edwards | Bear Stearns | Lehman Bros. | Meckler-media | Merrill Lynch | Morgan Stanley | Netscape | Paine Webber | Raymond James | Yahoo! | |
N | 66 | 66 | x | 5 | 12 | 66 | 66 | 55 | 66 | 66 | 39 | 42 | 66 | 66 | 24 | 66 | 66 | 16 | |
t | 2.00 | 2.00 | x | 3.18 | 2.23 | 2.00 | 2.00 | 2.01 | 2.00 | 2.00 | 2.03 | 2.02 | 2.00 | 2.00 | 2.07 | 2.00 | 2.00 | 2.14 | |
VW beta | 0.88 | x | -1.72 | 3.02 | 1.70 | 2.28 | 3.16 | 1.37 | 1.78 | 2.14 | 1.62 | 1.89 | 1.91 | 2.18 | 1.93 | 1.42 | 3.71 | ||
VW st err | 0.10 | x | 1.86 | 1.74 | 0.43 | 0.43 | 0.81 | 0.30 | 0.26 | 0.39 | 1.37 | 0.24 | 0.27 | 1.47 | 0.34 | 0.30 | 1.72 | ||
VW 95% lo | 0.69 | x | -7.63 | -0.85 | 0.83 | 1.43 | 1.54 | 0.76 | 1.27 | 1.35 | -1.15 | 1.40 | 1.38 | -0.88 | 1.26 | 0.82 | 0.03 | ||
VW 95% hi | 1.07 | x | 4.18 | 6.90 | 2.57 | 3.13 | 4.79 | 1.97 | 2.29 | 2.94 | 4.39 | 2.37 | 2.44 | 5.23 | 2.60 | 2.01 | 7.40 | ||
EW beta | 0.65 | x | 2.65 | 4.49 | 1.94 | 1.72 | 3.01 | 1.02 | 1.07 | 1.12 | 1.15 | 1.26 | 1.17 | 1.40 | 1.12 | 1.32 | 3.16 | ||
EW st err | 0.07 | x | 1.92 | 1.59 | 0.34 | 0.38 | 0.58 | 0.27 | 0.26 | 0.43 | 1.24 | 0.25 | 0.27 | 1.33 | 0.33 | 0.25 | 1.63 | ||
EW 95% lo | 0.51 | x | -3.46 | 0.95 | 1.26 | 0.95 | 1.85 | 0.48 | 0.55 | 0.24 | -1.36 | 0.77 | 0.64 | -1.35 | 0.46 | 0.83 | -0.33 | ||
EW 95% hi | 0.79 | x | 8.75 | 8.02 | 2.61 | 2.48 | 4.16 | 1.56 | 1.58 | 2.00 | 3.66 | 1.75 | 1.71 | 4.15 | 1.77 | 1.82 | 6.66 | ||
Date | VW NYSE, AMEX, and NASDAQ | EW NYSE, AMEX, and NASDAQ | EW portfolio of coparables | Ameritrade | E*Trade | Quick & Reilly | Charles Schwab | Waterhouse Investor Services | A G Edwards | Bear Stearns | Lehman Bros. | Meckler-media | Merrill Lynch | Morgan Stanley Dean Witter | Netscape | Paine Webber | Raymond James | Yahoo! | |
1 | 29-Aug-97 | -0.036 | 0.027 | x | 0.224 | 0.053 | 0.307 | -0.089 | -0.059 | -0.031 | -0.122 | -0.006 | -0.124 | -0.082 | 0.085 | -0.044 | 0.002 | 0.053 | |
2 | 31-Jul-97 | 0.076 | 0.049 | x | -0.024 | 0.554 | 0.129 | 0.160 | -0.012 | 0.199 | 0.231 | 0.066 | 0.181 | 0.221 | 0.144 | 0.148 | 0.057 | 0.603 | |
3 | 30-Jun-97 | 0.044 | 0.044 | x | 0.125 | 0.113 | 0.011 | -0.003 | 0.156 | 0.052 | -0.012 | -0.013 | 0.125 | 0.047 | 0.085 | -0.014 | -0.002 | 0.093 | |
4 | 30-May-97 | 0.071 | 0.085 | x | 0.120 | 0.175 | 0.042 | 0.111 | 0.061 | 0.070 | 0.208 | -0.245 | 0.116 | 0.075 | 0.092 | 0.049 | 0.176 | -0.055 | |
5 | 30-Apr-97 | 0.042 | -0.021 | x | -0.200 | -0.167 | 0.060 | 0.145 | 0.138 | 0.162 | 0.162 | 0.063 | 0.111 | 0.078 | -0.100 | 0.204 | 0.109 | 0.213 | |
6 | 31-Mar-97 | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | x | ||
7 | 28-Feb-97 | x | x | x | x |