1. We noted the propensity to have a lower proportion of firms pay divideds, as a global phenomena. Discuss this evidence, and refer to companies with which you are familiar.
2. How critical, in your view, is the assumption of a risk free rate, in modern corporate finance? Justify your answee by reference to relevant literature.
3. What in your opinion is the major challenge to corporate finance from the recent financial crisis? In your discussion, note the theoretical and empirical challenges as well as reference to real world events.