1. Company A sold 100,000 shares in an initial public offering. The underwriter's explicit fees were $90,000. The offering price for the shares was $30, but immediately upon issue, the share price jumped to $43. What is the net proceeds this company receives from this offering? 2. If you are pessimistic about stock A and its market price is $100/share. You short sell 1,000 shares. Suppose the stock A price falls to $70/share. You close your position and what is your profit? 3. A bond has a total five years maturity and has been there for two years since issuance. What should be its price as of now?