in long-term, investing in IPO performs better than average.

Group of answer choices

True

False

Start-ups usually seek external financing from angel investors before venture capital funds.

Group of answer choices

True

False

The difference between commercial bank and investment bank is the latter specializes in selling new securities.

Group of answer choices

True

False

XYZ used an investment bank to do IPO. In IPO, XYZ sold 1 million shares at $68.58 each. The investment bank charged 7% spread. At the end of the 1st day of trading, XYZ stock price closed at $74.46. Calculate the total cost of IPO. That is, what is the sum of direct and indirect cost?

You visited Switzerland over summer and brought back 383.01 swiss francs to the United States. How many U.S. dollars will you get, if you exchange your swiss francs for U.S. dollars? The exchange rate is 1 U.S dollar = 1.045 swiss francs.

Hint: You are converting swiss franc into USD.

Given

USD/BrazilianReal = 3.208

USD/Australian Dollar = 1.43

USD/Chinese Yuan = 9.057

What is the Australian Dollar/Brazilian Real cross rate?

Please show your work on how It was solved.