# 1 - Ch. 1, 2, 3, and 4 Total: 100 points. Late submission penalty is 20 points per day. Due Date: Check D2L. Submission: Submit via D2L Dropbox. Show your calculations. Attach additional sheets if necessary. Submit a single word/pdf file. 10% penalty for submissions with multiple files. (7pts) 1. Briefly explain the following concepts; Agency Costs: Intrinsic value of a stock: Hostile takeover: Dividend: Earnings Per Share: Book Value Market Value (7pts) 2. Briefly explain the following terms; mutual fund: hedge fund: primary market: secondary market: S&P 500 index: liquid security: dividend yield (6pts) 3. Fener Bahce Inc. current balance sheet shows total common equity of $500,000,000. The company has 10,000,000 shares of stock outstanding, and they sell at a price of $200 per share. By how much do the firm's market and book values per share differ? (5pts) 4. El Cielo's balance sheet showed total current assets of $1,000,000, all of which were required in operations. Its current liabilities consisted of $200,000 of accounts payable, $30,000 short-term notes payable to the bank, and $10,000 of accrued wages and taxes. What was its