課程名稱︰投資銀行管理
課程性質︰財金系高年級必選修
課程教師︰蘇永成
開課學院：管理學院
開課系所︰財務金融學系
考試日期（年月日）︰Jan.15.2007
考試時限（分鐘）：180min.
是否需發放獎勵金：是,謝謝
（如未明確表示，則不予發放）
試題 :
General instructions :
1. This is a close book exam. Try your best to answer the following four
questions.
2. Good luck !!!!
Question I.
Under the framework of Black and Scholes option pricing model, explain
primary market making behaviors of (i) underwriting syndicate position, (10%)
(ii) underwriting syndicate profit and loss function, (5%) and (iii) risk and
return of under-pricing in underwriting syndicate. (10%)
Question II.
Show by graphs and explain possible LBO structures (15%). During the LBO
process, junk bond and mezzanine issue are the most important financing tools.
Discuss the characteristics of junk bond and mezzanine issue. (10%)
Question III.
Show with graphs the process of issuing mortgage pass-through and CMO.
(20%)
Question IV.
Show by graphs and examples the participants, price settings and
equilibrium conditions in three basic types of market making. (30%)
--
坐看西湖日出東,南雁孤嗚北寒風,獨離愁...
獨對春雨雪寒冬,夏蟬蛻變秋葉落,夜難眠...
--
※ 發信站: 批踢踢實業坊(ptt.cc)
◆ From: 61.228.88.159
※ 編輯: StarFeather 來自: 61.228.87.9 (01/17 00:04)