Alann is planning to retire in 15 years and buy a property in the Hunter n Valley Region in NSW. The property he is currently looking at is priced n $1,000,000 and is expected to grow in value each year at a 6% rate. 

1. DMDn Bank is offering Alan 8% interest p.a. compounded annually. Assuming n Alan opens an account with DMD bank and deposits an annual amount, how n much must he invest at the end of each of the next 15 years to be able n to buy this property when he retires? 
2. Ifn NRL bank offers him 7.5% interest but compounded quarterly, should Alann invest in NRL bank instead of DMD bank? 
3. Now,n consider your answer to part a, the amount Alan must save each year. n Calculate what amount Alan must earn at a minimum each year, if the n savings equates to 30% of his pre-tax earnings. (

"In 2012, Netflix adopted a Poison Pill (shareholder rights plan) to fend off Karl Icahn from effecting a hostile takeover. Upon learning that Icahn had acquired a 10% stake in the company, Netflix immediately went on the defensive. Any attempt to buy a large equity position in Netflix without board approval would result in flooding the market with new shares, making any stake attempt very expensive." 3.1. Assume that the current date is 5 November 2012. Netflix's stock price is $12, and the firm has 400 million shares outstanding. Carl Icahn believes he can increase the company's value if he buys it and replaces the management. Assume that Netflix has a poison pill with a 10% trigger. If it is triggered, all Netflix's shareholders-other than Carl Icahn will be able to buy one new share in Netflix for each share they own at a 70% discount. Assume that the price remains at $12 while Carl Icahn is acquiring Netflix's shares. Netflix's management decides to resist Carl Icahn's buyout attempt because he crosses the 10% threshold of ownership. (a) How many Netflix's new shares will be issued and at what price? (b) What will happen to Carl Icahn's percentage ownership of Netflix? - BBC News (2012) (c) What will happen to the price of Carl Icahn's shares of Netflix? [4 marks] [3 marks] [3 marks] (d) Does Carl Icahn lose or gain from triggering the poison pill? If Carl Icahn loses, where does the loss go (who benefits)? If Carl Icahn gains, from where does the gain come (who