Question 10) Which exit strategy provides the sponsor with the ability to retain 100% of its existing ownership position in the target?

		a. Sale to a strategic buyer
		b. IPO
		c. Dividend recapitalization
		d. Private sale

Question 11) In an LBO model, which scenario is considered the most conservative?

		a. Management case
		b. Base case
		c. Sponsor case
		d. Downside case

Question 12) In an LBO financing, fees are a(n):

		a. Deferred asset
		b. Asset
		c. Deferred expense
		d. Current liability

Question 30) All of the following are intangible assets EXCEPT:

		a. Brand
		b. Patents
		c. PP&E
		d. Copyrights