Investment bankers perform all of the following functions except manage mutual funds.
<h3>Who is an investment banker?</h3>
Investment bankers underwrite securities on a firm commitment (principal) basis; and on a best efforts (agency) basis.
Investment banks also advise companies on mergers, acquisitions, divestitures and spin-offs.
Hence, Investment bankers perform all of the following functions except manage mutual funds.
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Answer:
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Explanation:
both font and changing placeholders can be interchangable. I prefer to have the font right at the start.
Answer:
0.36
Explanation:
Cost of equity of 16.8%,
Pretax cost of debt of 8.1%
Return on assets of 14.5%
As per NN proposition: Cost of equity = Return on asset + D/E ratio (Return on asset-Cost of debt)
0.168 = 0.145 + D/E (0.145 - 0.082)
0.168 - 0.145 = D/E (0.064)
0.023 = D/E (0.064)
D/E = 0.023/0.064
D/E = 0.359375
D/E = 0.36
Thus, the debt-equity ratio is 0.36
Answer:
Cost of Make = $2,240
Explanation:
The computation of Saving in Cost by Make or buy is shown below:-
Make Buy
Material $2,800
($0.20 × 14,000 Buns)
Direct Labor $1,400
($0.10 × 14,000 Buns)
Variable Factory Overhead $560
($0.04 × 14,000 Buns)
Purchase Cost of Buns $7,000
(14,000 × $ 0.50)
Total Cost $4,760 $7,000
Therefore the Saving in Cost by Make = $7,000 - $4,760
= $2,240