Business and Finance Assignment
Business and Finance Assignment
Business and Finance Assignment
1. Comment on the following: “Some of the largest companies in the world are privately-held, for example: SC Johnson, McKinsey and Company, PetSmart, and Publix Supermarkets. The shareholders of these companies are hurt by their firm having foregone an IPO.”
2. In modern financial markets, with the tremendous amounts of information available to investors, are Venture Capitalist superfluous or unnecessary? For example, could loan officers at a commercial bank perform the same or similar function?
3. Describe a scenario where it would be desirable for an investor to hold debt with an option to convert it to common stock.
4. Consider the following: in the aftermath of the 2007/2008 global financial crisis many companies accumulated significant cash balances. Government officials, in an effort to boost economic activity, often chastised companies for this. For example, then Governor of the Bank of Canada, Mark Carney, publicly suggested that if the companies were not using the money, they should give it back to shareholders. In finance, if a company holds a large cash balance it implies the company’s shareholders have a lot of trust in their management. Why is that?
5.
An executive at ABC corp performs the following analysis:
“Our firm, ABC corp, thinks its time for an IPO. We have approached an underwriter – Big Bank – and they have agreed to assist us with this matter. A similar firm to us, CopyCat Ltd, recently did their IPO 6-months ago. Their stock is now trading at $25/share. Therefore, we should expect BigBank to pay $25/share for ours. Since our goal is to raise $25million we should float (offer) 1 million shares”.
Do you agree with the executive’s analysis?
Grading Rubric for Writing Assignment
Your professor may use a slightly different rubric, but the standard rubric at AUR will assess your writing according to the following standards:
| A (4) | B (3) | C (2) | D/F (1/0) | |
| Focus: Purpose | Purpose is clear | Shows awareness of purpose | Shows limited awareness of purpose | No awareness |
| Main idea | Clearly presents a | There is a main idea | Vague sense of a | No main idea |
| main idea and | supported throughout | main idea, weakly | ||
| supports it | most of the paper. | supported | ||
| throughout the | throughout the | |||
| paper. | paper. | |||
| Organization: | Well-planned and | Good overall | There is a sense of | No sense of |
| Overall | well-thought out. | organization, includes | organization, | organization |
| Includes title, | the main | although some of the | ||
| introduction, | organizational tools. | organizational tools | ||
| statement of main | are used weakly or | |||
| idea, transitions and | Missing | |||
| conclusion. | ||||
| Organization: | All paragraphs have | Most paragraphs have | Some paragraphs | Para. lack clear ideas |
| Paragraphs | clear ideas, are | clear ideas, are | have clear ideas, | |
| supported with | supported with some | support from | ||
| examples and have | examples and have | examples may be | ||
| smooth transitions. | transitions. | missing and | ||
| transitions are weak. | ||||
| Content | Exceptionally well- | Well-presented and | Content is sound and | Content is not sound |
| presented and | argued; ideas are | solid; ideas are | ||
| argued; ideas are | detailed, developed | present but not | ||
| detailed, well- | and supported with | particularly | ||
| developed, | evidence and details, | developed or | ||
| supported with | mostly specific. | supported; some | ||
| specific evidence & | evidence, but | |||
| facts, as well as | usually of a | |||
| examples and | generalized nature. | |||
| specific details. | ||||
| Research (if | Sources are | Sources are well | Sources support | The paper does not |
| assignment | exceptionally well- | integrated and | some claims made in | use adequate |
| includes a | integrated and they | support the paper’s | the paper, but might | research or if it does, |
| research | support claims | claims. There may be | not be integrated | the sources are not |
| component) | argued in the paper | occasional errors, but | well within the | integrated well. |
| very effectively. | the sources and | paper’s argument. | They are not cited | |
| Quotations and | Works Cited conform | There may be a few | correctly according | |
| Works Cited | to MLA style sheet. | errors in MLA | to MLA style, nor | |
| conform to MLA | style.. | listed correctly on | ||
| style sheet. | the Works Cited | |||
| page. | ||||
| Style: Sentence | Sentences are clear | Sentences are clear | Sentences are | Sentences aren’t |
| structure | and varied in | but may lack | generally clear but | clear |
| pattern, from simple | variation; a few may | may have awkward | ||
| to complex, with | be awkward and there | structure or unclear | ||
| excellent use of | may be a few | content; there may | ||
| punctuation. | punctuation errors. | be patterns of |
Business and Finance Assignment
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