課程名稱︰投資銀行管理 課程性質︰ 課程教師︰蘇永成 開課學院：管理學院 開課系所︰財金系 考試日期（年月日）︰100/06/21 考試時限（分鐘）：3hr 是否需發放獎勵金：是 （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. Explain in detail primary market making on (i) underwriting syndicate position, (ii) underwriting syndicate profit and loss function, and (iii) risk and return of under-pricing in underwriting syndicate, under the framework of Black-Scholes option pricing model.(30%) How do investment bankers support primary market makings by secondary market makings?(5%) Question II Briefly describe the process and structures of LBO in which investment bankers are engaged.(15%) Explain the possible motives of LBO.(5%) Question III Why do IPO firms purchase underwriting services from investment banks?(5%) Discuss risk transfer abilities associated with investment banks in underwriting process.(15%) Question IV Explain dealer functions in secondary market making.(5%) How do market makers adjust inventory in return-order imbalance relation.(20%) -- --

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