1. Warren Buffett is a legendary investor, and investors have long followed his maxims on investing. Please discuss the types of companies that he has generally favored as investments. (Discuss from business, management, financial, and market aspects)
2. List and discuss five common errors that valuers commit when undertaking a valuation exercise.
3. Marme, Inc., has preferred stock selling for 99 percent of par that pays a 11 percent annual coupon.
What would be Marme’s component cost of preferred stock?