1. If all companies had an objective of maximizing shareholder wealth, would people overalltend to be better or worse off ?2. Contrast the objective of maximizing earnings with that of maximizing wealth.3. What is financial management all about?4. Is the goal of zero profits for some finite period (three to five years, for example) everconsistent with the maximization-of-wealth objective?5. Explain why judging the efficiency of any financial decision requires the existence of a goal.6. What are the three major functions of the financial manager? How are they related?7. Should the managers of a company own sizable amounts of common stock in the company?What are the pros and cons?8. During the last few decades, a number of environmental, hiring, and other regulationshave been imposed on businesses. In view of these regulatory changes, is maximization ofshareholder wealth any longer a realistic objective?9. As an investor, do you think that some managers are paid too much? Do their rewardscome at your expense?10. How does the notion of risk and reward govern the behavior of financial managers?11. What is corporate governance? What role does a corporation’s board of directors play incorporate governance?12. Compare and contrast the roles that a firm’s treasurer and controller have in the operationof the firm.

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1- If, in a single contiguous memory management system, the program is loaded at address 5000, compute the physical addresses (in decimal) that correspond to the following logical addresses:

A. 103

B. 455

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1. If the Bank of Canada ‘‘leans against the wind,’’ which means increasing interest rates when the Canadian dollar depreciates and lowering interest rates when the Canadian dollar appreciates, what would this mean for the exposure of

a Canadian residents holding Canadian dollar-denominated bonds?

b US residents holding Canadian-dollar bonds?

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1. If the currency exchange rate as of today is $1 U.S. equals .65 British pounds, and the XYZ Corp. signs a contract with a British company to exchange 6,450 pounds in 30 days for a cost of $10,000, what is the spot exchange rate?

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1. If the Ricardian Equivalence Theorem holds, then the timing of taxes ‘do not matter’ in the sense that there is no effect on consumer demand, desired national saving, the current account and (in a closed economy) the real rate of interest. However, the timing of taxes does have implications for the composition of desired national saving (between the private and public sectors). Explain how.

2. True, False or Uncertain and Explain. The Ricardian Equivalence Theorem states that government spending ‘does not matter.’

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