Please note that if you will not give well detailed solutions which are correct i wont accept!

For questions 215-225, use a graphing calculator to find the indicated probabilities for the binomial random variable X. (Round your answers, as needed.)

215. P (X) = 2 when n = 3, p = 0.7

216. P (X) 2 when n = 3, p = 0.7

217. P (X) < 2 when n = 3, p = 0.7

218. P (X) > 2 when n = 3, p = 0.7

219. P (X) 2 when n = 3, p = 0.7

220. P (X) = 5 when n = 6, p = 0.4

221. P (X) 1 when n = 10, p = 0.5

The ordinance is assailed on the grounds that it is in derogation of 1 of the Fourteenth Amendment to the Federal Constitution in that it deprives appellee of liberty and property without due process of law and denies it the equal protection of the law, and that it offends against certain provisions of the Constitution of the State of Ohio. The prayer of the bill is for an injunction restraining the enforcement of the ordinance and all attempts to impose or maintain as to appellee's property any of the restrictions, limitations or conditions. The court below held the ordinance to be unconstitutional and void, and enjoined its enforcement. 297 Fed. 307.

1. As my company is not listed, the investment banks apply an illiquidity premium. Actually, they say it is an illiquidity premium but then they call it a small cap premium. One of the banks, apparently based on Titman y Martin (2007), added the following small cap premiums: "0.91% if the capitalization is situated between $1,167 and $4,794 million; 1.70% if the capitalization is between $331 and $1,167 million; 4.01% if it is lower than $331 million". Another bank adds 2% because historically the return of small companies was smaller than that of big companies. Which one is more appropriate?

2. Which taxes do I have to use when calculating the Free Cash Flow (FCF) - is it the marginal tax rate or the medium tax rate of the leveraged company?

3. According to what I read in a book, market efficiency hypothesis implies that the expected average value of variations in the shares price is zero. Therefore, the best estimate of the future price of a share is its price today, as it incorporates all the available information. Is that right?

4. An investment bank calculated my WACC. The report says: "the definition of the WACC is WACC = RF + u (RM - RF); RF being the risk-free rate, u the unleveraged beta and RM the market risk rate." This is different from what we have seen in our class. Are they right?

5. I read in a sentence passed by the Supreme Court that, in order to value companies, economic doctrine relies on intermediary methods between the practical models and the 'Anglo-Saxon' theoretical models common in the United States and United Kingdom, and the criteria set by the Administration is the result of a combination of both methods. This is completely different from what we have seen in class - is it correct?

6. Did you see the Vueling case? How is it possible that an investment bank set the objective price of its shares in 2.50 per share on the 2nd of October of 2007, just after placing Vueling shares at 31 per share in June 2007?

7. I suppose that a valuation consciously realized in my name tells me how much I have to offer for the company, right?

8. Do expected equity flows coincide with expected dividends?

9. What is the difference between simple return and weighted return to shareholders?

10. Is there any indisputable model to value the brand of a company?