10. There are four ways a company can use the money it generates: a) buying other companies or assets; b) reducing its debt; c) distribute it to shareholders, and d) increasing its cash holdings. What other reasonable things can it do? 11. Assuming a company wishes to distribute money to its shareholders, is it better to distribute dividends or to repurchase shares? 12. Is the price of futures the best estimate of the /$ exchange rate? 13. How could we obtain an indisputable discount rate? How should we calculate the beta and the risk premium? 14. My company paid an extremely high price for the acquisition of another company; the price was recommended by the valuation of an investment bank. We now have financial problems. Is there any way to make that bank legally responsible for this situation? 15. Which currency has to be used in an international acquisition in order to calculate the flows? 16. Calculated betas provide different information if they are obtained by using daily, weekly or monthly data. Which data is the most appropriate? 17. Does is make any sense to calculate betas against local indexes when a company has a great part of its operations outside this local market? I have two examples: BBVA and Santander. 18. Is it possible to make money in the stock market when the quotations are going down? What is credit sale?