ESSAY ANSWERS

You are assessing the value of an abandoned coking coal mine in New Zealand, which still have significant deposits. A mining expert’s report suggests that there might be 10 million tonnes of coking coal in the mine still, and that…

Assume that the risk premium for New Zealand stock market is 5% p.a.. Go to the NZX debt market website for all traded bonds () to obtain New Zealand risk-free rate as of 27th Scroll down the window to find…