1. What are the three risks that Kaplan and Strömberg describe? Why would external risks be viewed as reasons to invest more often than reasons not to?
2. Use discounted cash flow valuation and market multiple techniques to estimate the value of your assigned company (Apple Inc.) How does this estimate compare to current market values?
3. A company has net working capital of $1,996. If all its current assets were liquidated, the company would receive $5,923. What are the company's current liabilities?