1. The evidence on IPO sales is varied from issue to issue, but there are two common themes: underpricing and underperformance. Please clearly explain these two themes.
2. Provide a critical analysis and discussion on how the recent ‘credit crunch’ (2007/2009) has affected the strategy of banks and the management of liquidity.
3. Suppose a supplier gives you a price on a contract and then later comes back and claims that he mistakenly wrote down the wrong price. Do you have the right to sue the supplier over breach of contract? What conditions are important here?