Question1

The pricing process in equity offering is a difficult job. Explain how this difficult job is performed under open price book building mechanism.

Question2

The last 40 years have witnessed several round of M&A waves and the size of total M&A transactions total more than $1 trillion. Yet, the biding firm fails to benefit from the takeover activities. Explain why takeover sometimes fails to create value for bidding firm by focusing on the managerial agency problem for engaging in M&A activities.

Question3

What is agency cost of equity? Explain the various forms of agency cost of equity.

Question4

The ability to capture, structure, and make better use of data to increase the efficiency and effectiveness across the organization is the CFO's greatest area of potential strength. Explain how CFO may use macroeconomic data and social media data to push for a firm's value creation.