1. Luxride prices at 124 pence per share to day after an IPO valuing the firm at £139 million. It's bigger backer Stancorp is selling 80 percent of its holdings and will be left holding 9 percent of the firm's shares. what was Stancorps stake worth when they sold at IPO?
2. What are depository Institutions? What is their purpose or function? Why do we have different types of them? What are they?
3. Sqeekers Co. issued 14-year bonds a year ago at a coupon rate of 8 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 6.3 percent, what is the current bond price?