Recent content by bonmin

Question 4: (10 Points) Is it true that, as you prepare for an IPO, you can assume that the share price, as listed on the prospectus, is a fair and good price because the SEC has vetted the prospectus? Explain!

4~6. Pierre - Marie de Lavallee dies leaving the following facts and instructions: a. A home worth 54000 guilders b. A parcel of land worth 26,000 guilders c. Receivables from a foreing business worth 11,400 Yuan (Right now, one Yuan can be exchanged for 3.45 guilders) d.He owes the bank right...

7. A bank has 4000 in deposits. The bank has also 400 in equity. By regulation, the bank has to keep 9% in cash reserves. All else is lent at 8% return. The bank pays 1.5% on its deposits. The bank has management costs of $55. All numbers are per year. Please show me the balance shee of the...