1. A firm has a market value equal to its book value. Currently, the firm has excess cash of $1,000 and other assets of $6,000. Equity is worth $18,000. The firm has 700 shares of stock outstanding and net income of $1,200. What will the new earnings per share be if the firm uses its excess cash to complete a stock repurchase?
2. How over the last 10 years, cash and futures oil price volatilities have affected the equity markets (banking and energy sectors) mainly in Europe (France, Germany, UK), Asia (Japan, China, Singapore, Malaysia Vietnam, Taiwan), Australia, Canada, USA, Russia, Saudi Arabia.