Referencing Styles : Open Calculate China Merchants Holdings (Pacific) Limited’s cost of equity by applying the Capital Asset Pricing Model (CAPM). (10 marks) Question 2 Calculate the net present value of China Merchants Holdings (Pacific) Limited’s dividends and advise Mr. Liew whether he should consider investing in this stock. (20 marks) Question 3 Apply principle of time value of money to calculate the fair market value of OCBC bond. (15 marks)