Short Submission#2 Case#2 The Harvard case is on Ferrari: The 2015 Initial Public offering.

Answer the following four questions. Focus on firm valuation and stock valuation (not WACC).

1. Provide a short summary of the case. No more than a short paragraph (five sentences). Focus on the main idea.

2. What is the most critical question of the case? - must be about firm and stock valuation (not WACC)

3. Write down five important finance-related questions (relevant to the case) in addition to the above that shareholders or bondholders want to know. Explanations are optional. Notes: The purpose of this question is to improve your critical thinking skills. Therefore, good questions should provide beyond basic information. The questions must be unique and not duplicate the critical question or part of the critical question.

4 Based on your answer for the critical question (#2), provide a solution (including quantitative supporting evidence) or propose an idea of how to find a solution. For the latter, be specific such that someone can follow your idea to get the solution.