QUESTION 1

In the RCP case study, what is the status of debt financing arrangmennts?

		Frank is actively looking for debt financing and is confident he can achieve this.
		Frank has made arrangements with a local bank for significant financing, however it will require guarantees of the principals.
		Frank has received two separate lending commitments to provide the debt financing for the proposed acquisition.
		Frank has chosen and fully negotiated a loan commitment, and has made a good faith deposit showing clear intention to close this debt arrangement.

QUESTION 2

Frank Overton is the main character in this case study. Which of the following terms best describes his title:

		Financial Analyst
		Principal
		Student intern
		3rd party advisor to RCP.