1. Please compare for book to market value of Goldman Sachs2008 to 2018. This is to compare:

i 2008 book value to 2018 book value,

ii 2008 market value to 2018 market value,

iii 2008 book value to 2008 market value,

iv 2018 book value to 2018 market value.

2.

An investment bank offers underwriters an IPO of up to 19m shares for ABC

Company at a price of $12.75 per share. Show the $ return to the investment bank

under both scenarios:

i The 19m shares sell at $13.50 per share.

ii What happens if the IPO price is overstated and the shares sell for $12.25 per

share?