Investment Banking Summer Analyst was asked...July 11, 2012

Investment Banking Summer Analyst was asked...February 7, 2014

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The answer should be the $1000...$1000 today is worth more than $1000 ten months from now or $100 every month for 10 months due to the time value of money. Less

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Money loses value over time...

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I think it depends largely on the market. 1000 dollars a couple years ago if put into the right fund would be nice now. With how long the market has been expanding It would be a tough choice now. Additionally, they might be checking personality on this. Do you want your money now, or do you like something steady even if the value depreciates over time? Less

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1. Yes on the terrace. 2. Conver pennies into Dollers on better brokerage and get it fit into a bag. Now you can more money fit at any floor. Less

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The Empire state building is approximately 1200 ft. I'm guessing there are 100 floors. This means 12 ft of single stack pennies per floor. 100 of them. I think we can fit 100 stacks of pennies on any floor in New York City. Less

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Yes. 1) break coins into stacks in relation to each window/floor (gives height of floor) 2) highly likely sum of stacks is less than the square of the floor height I'm sure there's another way to answer this as per Vault, though I like to come up with diff answers instead. Less

Investment Banking Summer Analyst was asked...January 20, 2011

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100% Average will be just under 2

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so it should be 0% not 100%. )

Summer Investment Banking Intern was asked...March 10, 2010

Investment Banking Summer Analyst was asked...November 13, 2011

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1L=1000ml=1m3=100cm*100cm*100cm 100cm

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10 cm .. coz a cube of 10 cm Each is a 1000cm3 or 1 ltr

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1 liter of water is equal to 1000 cubic centimeters, so you need a base*height that equals 1000 cubic centimeters. Since water will fill the entire bottom of the cube first we know the base is the two sides times each other (100*100). This equals 10,000 so the height must be 0.1 centimeters to give a total of 1000 cubic centimeters. Less

Investment Banking Summer Analyst was asked...November 15, 2015

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Depends highly of the DCF assumptions. In practice, it is often the DCF but if we set a certain set of assumption it could give us the lowest value as well. Deal comps have high constant value because of the market premium. Less

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Precedent because of the premium

Investment Banking Summer Analyst was asked...November 18, 2015

Investment Banking Summer Analyst was asked...July 18, 2014

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It is a safety plant agains hostile takeovers that enables currently shareholder, upon a hostile buyer gaining a certain percentage of ownership (say 15%), Less

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Excuse my first response. It is a safe block against hostile takeovers that enables shareholders, upon a hostile bidder acquirers a certain percent ownership stake (say 15%), to purchase additional shares at a deep discount. This effectively dilutes the hostile bidders ownership stake. Less

Investment Banking Strats Summer Analyst was asked...February 13, 2013

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If all number are distinct than it is easy: just sum up 1:n and subtract sum of your numbers. If they are not distinct sort both arrays and subtract first n-1 elements from each other. The first non-zero will give the index of the missing number. Permutations is more or less standard, there are many algorithms available. Less

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Use bucket sort,maintain a array of all zeros and size N put 1 for every number processed in the corresponding index and again go through the arrayto get the first index with a zero entry in the array. Less