FINC 301 Introductory Business Finance There are 5 essay questions, worth 20 points each. 1) Summarize and critically examine the essay “A Fiduciary Argument Against Stakeholder Theory” by Alexei...

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FINC 301 Introductory Business Finance There are 5 essay questions, worth 20 points each. 1) Summarize and critically examine the essay “A Fiduciary Argument Against Stakeholder Theory” by Alexei Marcoux. Apply the argument in that essay to the Business Roundtable’s 2019 “Statement on the Purpose of a Corporation.” 2) Review the book review of the book “Inside the Yield Book.” Provide brief biographies of Martin Leibowitz and Sidney Homer, including a discussion of Homer’s book (with Richard Sylla) “A History of Interest Rates.” 3) Describe the IPO process, as described in “IPO Process: 7 Step Guide for Taking Your Company Public.” Then, describe the history of the 2019 IPO for Beyond Meat, and review the prospectus issued in that IPO. What has happened to the stock since the IPO? Do you think the stock is a good value now? 4) What is the relationship between accounting and finance? Define both of those subjects, and give your thoughts about the relationships between those two disciplines. Then, listen to this podcast interview of Jacob Soll, and provide a reflection on the importance of accounting in public governance. 5) Review the latest annual Financial Report of the U.S. Government, in light of the CPA Journal article “A True Portrait of America’s Finances” by Bill Bergman, and the chart facility at Data-Z.
Answered Same DayMar 22, 2021

Answer To: FINC 301 Introductory Business Finance There are 5 essay questions, worth 20 points each. 1)...

Kushal answered on Mar 23 2021
160 Votes
1. A Fiduciary Argument against the Shareholder Theory
As per Alex Marcoux, the shareholder theory
does not hold any fiduciary duties and they should have moral duties towards the economic prosperity corporations for whole nation. The shareholders and the managers relations do require fiduciary duties morally.
Rather than only satisfying your shareholders, the big corporations should ensure that the inclusive growth of all Americans should take place in the free economy and the environment of liberty and democracy. This should be the updated purpose of the large corporations.
2. Inside the Yield Book -
This book explains the most important concepts in the bond markets like duration, time value of money, valuation and prie of the bonds in the most lucid way and it is still a goto book for the market professional.
Martin Leibowitz is best known for his book "Inside the Yield Book". He...
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