You are an analyst working for a major investment bank, and you have been approached by ByteDance Ltd, a Chinese internet technology company, to buy a 5% equity share in the firm. Your manager has asked you to provide research into the company and its valuation. As with any privately owned companies, the valuation is tricky, as ByteDance is not bound by the same disclosure requirements as a publicly listed company. 1) Critically analyse the difficulties in the valuation of private companies and apply your findings in the case of ByteDance. 2) Critically evaluate the political risks of this investment in light of the recent clampdown of the Chinese authorities on local tech companies.

You are trying to value Alpha S.A., a small, privately owned software company and you are using the information that you have on Beta S.A. a publicly traded software company that you believe is fairly valued by the market given its fundamentals. You have the following information on the two companies: Net Income (in millions) Book Value of Equity (in millions) Price/Book Value Alpha S.A. €70 €400 Not available while is a private company Beta S.A. €100 €800 1.50 Assuming that both companies are in stable growth, growing 3% a year, and have the same cost of equity, estimate the fair value for the equity of Alpha S.A. Does an increase in interest rates always imply lower prices and accordingly lower P/E ratios? Mention the case where this may be true or not. (in 150 words)

Suppose you work for an investment bank where you are assigned to track EchoStar's stock and create reports that brokers can distribute to investors. Investors can then use these reports and decide whether they want to invest in a particular stock. In this scenario, you are working as a _____ analyst.

I know the bartleby guidelines but I need both questions. I will upvote the answer

Give typing answer with explanation and conclusion    What is the benefit to a company from a securities underwriter? A) They generate demand for a company’s securities by giving them a strong credit rating B) They help companies to receive a premium on the sale of their securities C) They study the market and advise companies on where to set their IPO share price D) They help companies to reduce the risk associated with an IPO

Your broker Luke works for a major bank that is working on the merger between ABC Inc. and XYZ Corp. The news is going to be released to the public next week. If you decide to buy some stocks now and split the profits with Luke, your actions should be categorized as ______.   Question 27 options:   A)    It is not possible to tell from the information given B)    ethical but illegal C)    unethical but legal D)    unethical and illegal E)    ethical and legal

A client that has never before invested in securities recently acquired more than a million peso in cash from the sale of real estate no longer used in operations. The president intends to invest this money in marketable securities until such time as the opportunity arises for advantageous acquisition of a new plant site. He asks you to enumerate the principal factors you would recommend to create strong internal control over marketable securities. What would you answer?

Assume that you have an opportunity to buy the stock of​ CoolTech, Inc., an IPO being offered for ​$10.78 per share. Although you are very much interested in owning the​ company, you are concerned about whether it is fairly priced. To determine the value of the​ shares, you have decided to apply the free cash flow valuation model to the​ firm's financial data that​ you've accumulated from a variety of data sources. The key values you have compiled are summarized in the following​ table, a. Use the free cash flow valuation model to estimate​ CoolTech's common stock value per share. b.  Judging by your finding in part a and the​ stock's offering​ price, should you buy the​ stock? c. On further​ analysis, you find that the growth rate in FCF beyond year 4will be 5​% rather than 4​%. What effect would this finding have on your responses in parts a and b​?

You are an Acquisition Offer for an Investment Bank. You work in the High- Tech Investment Division of the Investment Bank. You understand high tech companies come and go very quickly. You also understand that the technology changes so quickly that a long-term forecast can be worthless very quickly. It is a changing market. You have been offered the opportunity to acquire a Silicon Valley based high tech company. You must decide if you recommend making the acquisition. You have been told that you must operate with a 6.0% WACC. You have decided that you will make your recommendation based upon a four-year forecast.                                                          The Company:   The company, MERCO, makes processing chips for Intel. MERCO has signed two contracts with Intel. The first expires in two years and pays the company an annual amount of $1,924,261 and $2,212,900 for each year. The second contract was signed because Intel was happy with the work MERCO had done for it. The…

Please tell the procedure of investment banker, from the event that Company decide to issue IPO until investment banker sell all of it that buy from the company to the stock market, ( Do my understand that the market is always secondary market and investment banker is always underwriting firm is true?). - Does investment banker receive any fee from Issuer Company) , if any what's it called?