1. What type of securities offerings do not need to be registered with the SEC? 2. List the three types of bank participants in an underwriting syndicate and their core responsibilities, in order of compensation received, from high to low. 3. What are league tables and why are league tables important in investment banking? 4. Describe the function of the equity capital markets group, including the two major divisions they directly work with and the two types of clients they indirectly work with. 5. Describe the unique process utilized by Google in its IPO, including its intended advantages and potential disadvantages. 6. What is a shelf registration statement and what securities can be included in it? 7. Why might a younger high-tech company select equity over debt when raising capital? 8. A BBB-/Baa3 rated company is looking at acquiring a smaller (but sizeable) competitor. Discuss considerations the company should take into account when deciding whether to fund the acquisition with new debt, equity, or convertible securities. 9. Suppose a company issues a $180 million convertible bond when its stock is trading at $30. Assuming it is convertible into 5 million shares, what is the conversion premium of the convertible? 10. How many shares will be issued by a convertible issuer if conversion occurs for a $200 million convertible with a conversion premium of 20%, which is issued when the issuer's stock price is $25? Show your calculation. 11. Why did the SEC delay declaring Google's IPO registration effective? 12. Provide reasons that an investment bank might give to support their advice that a private company should "go public."

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1 Certain securities offerings are exempt from registration with the US Securities and Exchange Commission SEC under specific circumstances Some common examples include Private placements Offerings ma... View the full answer