Exchange Traded Funds have gained the market share of investments over the past 20 years.
(a)
What is Exchange Traded Fund? What are the features that Exchange Traded Funds have?
(b)
Please illustrate an anomaly in stock market that is directly or potentially related to the Exchange Traded Funds?
In recent year, stock repurchases become more and more important in Taiwan stock markets. Please discuss the advantage (and disadvantage) of the stock repurchase versus cash dividend.
Steve receives the perpetuity (an annuity to infinity) of $100, payable once every two years. The first payment occurs at date 2 (two years from today). The annual interest rate is 6 percent. What is the present value of this perpetuity?
What does asymmetric information have to do with corporate finance?
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