Here are some questions on investment. Please provide all calculations and explanations

Investment Techniques and M&A EQUITIES (STOCKS) Orders You would like to sell you shares in Apple. The current price is $120.00/share. You place the following order with your broker: if the price hits $115.00 then sell 200 at or above $113 and another 200 at or above $111. What kind of order have you placed? A. B. C. D. Market order Limit order Stop order Stop limit order Based on the information in the previous question, if the last bid is for 300 shares @ $113 how many shares will you sell? A. B. C. D. 100 200 300 400 Valuation If the price of a share of stock is $150 and the EPS (earnings per share) is $20, what growth rate in earnings is the market expecting if the standard holding period is 5 years? Hint: 1) determine the average earnings to get repaid in 5 years = $150/5, 2) then apply the following formula: ($20 + X)/2 = $150/5 - solve for X, 3) then calculate (X/$20)^(1/5)-1. A. B. C. D. 7.0% 1.9% 32.4% 14.9% Fundamental business analysis For all businesses Revenue Growth % Variable costs % of revenue Gross profit Gross margin Fixed costs EBITDA EBITDA margin Growth % 1. Airline # of planes # of passengers EBITDA/plane EBITDA/passenger 4. Manufacturer (cars) # of units produced # of personnel EBITDA/car EBITDA/person 2014 $1,000,000,000 -- 2015 $1,040,000,000 4% 2016 $1,081,600,000 4% $600,000,000 60% -----$400,000,000 40% $624,000,000 60% -----$416,000,000 40% $648,960,000 60% -----$432,640,000 40% $150,000,000 -----$250,000,000 25% -- $154,500,000 -----$261,500,000 25% 5% $159,135,000 -----$273,505,000 25% 5% % ann change 10 1,000,000 $25,000,000 $250 12 1,100,000 $21,791,667 $238 14 1,200,000 $19,536,071 $228 -11.6% -4.5% 200,000 20,000 $1,250.0 $12,500.0 250,000 23,000 $1,046.0 $11,369.6 300,000 26,000 $911.7 $10,519.4 -14.6% -8.3% 2. For business #1, describe trends in the industry based on the statistics presented. EBITDA/plane declining at a greater rate than EBITDA/passenger. This means the number of planes is growing faster, relatively, than passengers. This could mean: A. The company is flying more smaller planes which are likely above average capacity, as the EBITDA is growing at a steady rate (not falling) and margins are steady. B. The company is flying more smaller planes which are likely below average capacity. C. The company is flying fewer larger planes which are likely below average capacity. D. The company is flying more larger planes which are likely above average capacity. 3. For business #4, describe trends in the industry based on the statistics presented. A. Making less cars with relatively more workers. Yet downward pricing pressure reducing car prices. Appears to be selling lower priced cars that can be make more cheaply. B. Making more cars with relatively fewer workers. Yet downward pricing pressure reducing car prices. Appears to be selling lower priced cars that can be make more cheaply (with fewer personnel). C. Making more cars with more works. D. Making less cars with less workers. Proforma analysis - See Proforma analysis.xls The company will either complete a debt offering or stand alone equity offering. What offering price per share will make the equity offering 10% (in absolute % - i.e. old = 25%, new = 35%, is 10% absolute change) more accretive than a debt offering? A. ~$12.00 B. ~$25.00 C. ~$50.00 In 2007, a company sold 133,333,334 shares publicly and sold 104,712,041 shares privately at $30.00 per share. Page 215 of the S-1 (IPO prosecutes) states: \"We intend to use ... proceeds from this offering and the sale of nonvoting common units to the State Investment Company to purchase interests in our business from our existing owners. Of this amount, we expect that approximately $449.2 million will be paid to Mr. Schwartzman, approximately $1.88 billion will be paid to Mr. Peterson, approximately $147.9 million will be paid to Mr. James, approximately $22.1 million will be paid to Mr. Hill and approximately $13.4 million will be paid to Mr. Puglisi.\" What amount of proceeds would Blackstone Group L.P. receive from the offering? (Proceeds that could be used by Blackstone for corporate needs such as investing, hiring, rent, etc.) A. B. C. D. $7,141,361,250 $1,587,600,020 $4,628,761,250 $647,961,230