1- Suppose Vital Networks was founded with 1m shares at $1 per share. In subsequest round of funding the company issued 700,000 shares at $2 per share. What is the pre-money valuation equal to?

a. $1 million. b. $1.4 million. c. $2 million. d. $2.4 million. e. $3.4 million.

2- Suppose Vital Networks was founded with 1m shares at $1 per share. In subsequest round of funding the company issued 700,000 shares at $2 per share. What is the post-money valuation equal to?

a. $1 million. b. $1.4 million. c. $2 million. d. $2.4 million. e. $3.4 million.

3- TBQ has just issued a callable (at par) ten-year 5% coupon bond with annual coupon payments. The bond can be called at par in one year or anytime thereafter on a coupon payment date. It matures at face value of $100. It has a price of $ 103. What is the bond's yield to maturity?

a. 5% b. 5.3% c. 4.62% d. 2.16% e. 1.94%