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8. Why was the Nikkei Put Warrant program so profitable for Goldman Sachs?9. What is ASR an abbreviation for? Describe this transaction and the principal benefit for a client. What additional benefit did IBM achieve in the ASR program described in this chapter?10. Assume a company’s ADTV is 240,000 shares. How many days would it take to complete a 10.8 million share repurchase program? The company has 120 million shares outstanding and its estimated EPS for the current fiscal year is $3.40. Assuming the company meets its earnings estimate, what would year-end EPS be under an ASR program for the full 10.8 million shares, assuming it is executed 20 business days before the company’s fiscal year end? And under an open market
repurchase program?Chapter 10 Investment Banking Careers, Opportunities, andIssues(Daniel):1. What are the core differences between Investment Banking (IB) and Sales and Trading career paths?
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U.S. Securities and Exchange Commission, investment banks, investment bank