...These questions are all from our slides. 1. What is the joint hypothesis problem when testing market efficiency? 2. When we observe an arbitrage opportunity, can we always make money? Please give an example to illustrate your point of view. 3. What are the advantages and disadvantages of issuing debt? One example for advantage and one for disadvantage. 4. What are the advantages and disadvantages of issuing equity? One example for advantage and one for disadvantage. 5. Harald Inc has 100 shares outstanding. There are four seats on its board of directors. Patrick owns 75 shares and Natasha owns 25 shares. Patrick does not want Natasha to be on board of directors: In case of cumulative voting, can Patrick successfully crowd out Natasha? 6. Firm A wants $1,000 financing either in the form of debt @ 10% or preferred stock at 6.7% percent dividend. Federal government imposes 40% tax on issuer of preferred stock. This is refunded to taxable issuer. However, firm A is not paying any taxes. Firm B is taxable @ 45% as an investor of Firm A. What is the after tax cost for Firm A if issuing preferred stock? What is the after tax cost for Firm A if issuing debt? What is the after tax yield for Firm B if investing in Firm A’s preferred stock? What is the after tax yield for Firm B if investing in Firm A’s debt? 7. Trans Can Corporation a. Currently No Debt b. Number of Shares Outstanding is 400, Price per Share is $20 c. Interest Rate is 10% d. Issue $4,000 in Debt to Buy Back Shares e...
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...Niugen Marc Cruz Gr. 10 - Determination * Month and Focused Reading Theme: September - Periodicals * Book Details Title of the Book/Article/Periodical: Ivory Author/Writer: National Geographic Release Date: September 2015 Publisher: National Geographic * Personal Reading Details Date the Book/Article/Periodical was read: September 19, 2015 Number of pages: 232 Amount of time spent in reading: 28 minutes How I came across the Book/Article/Periodical: Was looking at periodical magazines. Reason for choosing the Book/Article/Periodical: I found this very alarming and interesting, it is an eye opener on what really is happening to our world. * How I Read A. Predicting: Slaughtered many innocent Elephants. B. Picturing: Many of dead elephants without their tusk. C. Making Connections: People don’t know what is really happening today, I feel really bad for these poor creatures; because they are so helpless no one is helping them. I think we should all do something about it, we can’t rely on a few hands only. D. Identifying Problems: Elephant ivory tusk sold at black markets for a fairly high price. These poachers never stop until they get filthy rich. These men are so cruel and selfish not knowing, these poor creatures are near extinction because of what they are doing. In a matter of years our future generations will never be able to see such amazing creatures anymore; because in the near future all of them will extinct and there...
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