- Why is stock valuation more difficult than bond valuation? (2.5 marks)
- Explain why ethics is an appropriate topic in the study of corporate finance. (3 marks)
- Identify the basic forms of business organization in the Saudi Arabia and their respective strengths and weaknesses. (3 marks)
- If a Volkswagen Passat costs $26,350 in Baltimore and €21,675 in Frankfurt, what is the implied exchange rate between the U.S. dollar and the euro? (1.5 marks)
