New earnings fi gures suggest that cash fl ows will experience a $100 onetime increase because of a new product being brought online. If d is 15 percent and g is 3 percent, how much will the stock’s...

New earnings fi gures suggest that cash fl ows will experience a $100 onetime increase because of a new product being brought online. If d is 15 percent and g is 3 percent, how much will the stock’s value increase?

What are the functions of investment banks? Do they engage in primary or secondary market activity? What is a syndicate?