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1. What is the economic advantage to a trade secret? Please explain why 2. Of the three valuation methods for an intangible asset discussed in

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1. What is the economic advantage to a trade secret? Please explain why 2. Of the three valuation methods for an intangible asset discussed in the chapter, which one would you use and why? 3. Regarding Stock Price, explain how it is set at the time of company formation. Describe the key factors that influence stock price before IPO. 4. Regarding Stock Price, explain what dominates stock price after IPO. 5. How are the changes in the market price of a stock reflected in the Balance Sheet

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