1. How has the performance of the commercial banking industry changed in the last 20 years?
2. A firm requires an investment of $20,000. The firm's debt cost of capital is 6%, and its return on equity is 15%. If the firm's pre-tax WACC is 10.5%, how much did the firm borrow?
A. $8,000 B. $14,000 C. $20,000 D. $10,000 E. $12,000.
3. Discuss the pros and the cons of the New Deal. Was it worth it? What is its legacy today?