1.Which type of companies do sell side analysts typically work in?

banks

hedge funds

factories

night clubs

2.Which type of companies do buy side analysts typically work in?

banks

night clubs

hedge funds

factories

3.What is the impact to remaining shareholders if a firm with 200,000 shares, a stock price trading at $45/share which has a true value of $35/share, and $40,000 of excess cash returns that cash via a one time special dividend?What would the impact be to remaining shareholders if the cash was used in a repurchase?

they would have a gain in value; they would be indifferent

they would be indifferent; remaining shareholders would be worse off

they would be indifferent; remaining shareholders would be better off

they would have a loss in value; they would be indifferent

4.What are the two types of portfolio management strategies employed with equities?

alpha, gamma

strategic, passive

integrated, basic

active, passive