Please solve the questions from the attachment file

Use a Monte Carlo model to model the March Madness NCAA Men?s Basketball tournament. The output should be a probability of winning the championship for each team in the bracket. The input should be a measure of team quality such as an ?ELO score? or similar score for each team. The key is that for any match-up the probability of one team winning is related to the difference of the two ELO scores. More hints in #marchmadness http://fivethirtyeight.com/features/how-fivethirtyeight-is-forecasting-the-2016-ncaatournament/

FNCE 451/751 Assignment 3 Due in class week of April 11 1. Use a Monte Carlo model to model the March Madness NCAA Men's Basketball tournament. The output should be a probability of winning the championship for each team in the bracket. The input should be a measure of team quality such as an \"ELO score\" or similar score for each team. The key is that for any match-up the probability of one team winning is related to the difference of the two ELO scores. More hints in #marchmadness http://fivethirtyeight.com/features/how-fivethirtyeight-is-forecasting-the-2016-ncaatournament/ 2. Study the 2015 IPO of Sleep Country Canada, joke ticker ZZZ. The prospectus is on SEDAR. There's a presentation on the Investor Relations website, and take a look at the press. Start by describing the company and set the scene regarding the transaction. Find ways to tie this story back to course curriculum, namely: a. Choosing Capital Structure (chapter 16/17) b. Determining Valuation (chapter 18) SOPHISTICATED MODEL NOT EXPECTED c. Choosing Dividend Policy (chapter 19) d. Going Public (chapter 20) e. Optimizing Long Term Debt (chapter 21) For each, write about 100 words and really try to hit curriculum points (Did the company/investors demonstrate textbook analysis and behavior or contradict it? Either are worth points) 3. Read \"Understanding the Fed Model, Capital Structure, and Then Some\" http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1322703 This is an off-beat paper that contains some interesting, novel ideas and ways of thinking about traditional corporate finance topics. The paper brings together ideas around capital structure, valuation, dividend policy, share repurchases, beta, and leverage for the market as a whole by thinking about what individual managers and investors do. As with any paper, it's a discussion, not gospel. a. Summarize the paper in about 100 words