1. One of the causes of the recent financial crisis in the United States has been excessive risk taking due to underestimation of risk. How does this relate to shareholder wealth maximization and financial leverage? Can overestimation of risk also be detrimental?
2. As a financial advisor how do you reach the retiree market? with what prospecting techniques? how do you define expected results? what other information, knowledge, experience do you have that would be advantageous in the market?
3. Jen purchased a condo in Naples, Florida, for $699,000. She put 20% down and financed the rest at 5% for 30 years. She made monthly payments. What are Jen's total finance charges?