1. Discuss the relationships between investor objectives, constraints, and policies. Also briefly discuss types of constraints, factors that define the objectives and the implications of an individual's policy choices.
2. Explain how the Bretton Woods System set exchange rates and corrected trade imbalances. How did the system break down?
3. Once Bitten Corp. uses no debt. The weighted average cost of capital is 7.5 percent. The current market value of the equity is $13 million and the corporate tax rate is 35 percent. What is EBIT?