1. Discuss the separation of commercial banking and investment banking, over time. Comment on how useful and appropriate this separation is today; should this separation be modified?
2. Assume the Profit Margin is 3%, Total Asset TurnOver is 3x and the Equity Multiplier is 1.5. What is Return On Assets?
3. Assume the Profit Margins is 3%, Total Asset Turnover is 4x and the Equity Multiplier is 2. What is Return On Equity? (Express your answer as a percentage. Do not put the % symbol)