1. Discuss common stock valuation and the required assumption(s) for zero growth. Relate this discussion to a real-world problem.
2. What are principal-agent agency problems and principal-principal agency problems?
3. Suppose $1 were invested in 1776 at 3.3% interest compounded yearly a) Approximately how much would that investment be worth today? $1,000, $10,000, $100,000, or $1,000,000? b) What if the interest were 6.6%?