Only use handouts or material provided and complete the questions, and the spreadsheet

• Do not use outside historical or industry information. No web resources!

• Answers should be typed, 1.5-spaced, 11p fonts, and at most 8 pages of text. Page margins should be at least 2.5 cm (top, bottom, left, right). Numerical calculations and spreadsheets can be added as exhibits.

• Be sure to clearly state and motivate any assumptions and calculations you make.

• If you feel that something is not clear or that you need to make some additional assumptions to answer a question, state so clearly on the exam. For fairness reasons, questions regarding the exam cannot be answered during the exam time.

• Try to be succinct and to the point in your arguments. To obtain a high score, your report should also be well-structured and well-formulated.

    
You should include the calculations in your word document in an appendix, but also show these calculations in a separate excel file.