The government has considered the following market phenomena to be "bad" and has taken steps to correct them:

1. The first wave of antitrust legislation was aimed at breaking up monopolies (single sellers of unique products) and outlawing monopoly practices (price "gouging" and price discrimination). Diagram and explain why monopolies and monopoly behavior are "bad."
2. The second wave of antitrust legislation was aimed at preventing the growth of monopolizes (horizontal integration of firms selling the same product) and outlawing behavior that sought to either drive out competitors or prevent their entry (discounting, entry-level pricing, and dumping). Explain why excessive competition with intent to monopolize is "bad."

A real estate investor likes to “flip” houses. That is, he likes to buy a house at a low price and then “flip” or sell the house for a higher price. The investor is looking at a foreclosed house that will cost $242,779.00 today. He will invest an additional $41,563.00 in the first year of owning the house to upgrade its features. He then believes he can sell the house for $405,977.00 at the end of the second year.

What is the NPV of this investment if our investor wants to earn a 19.00% annual return on the house?

Answer format: Currency: Round to: 2 decimal places.

Read questions carefully, I will only thumbs up the correct answer.

Assume that Globeworks is a constant growth company whose last dividend was $1.70 and whose dividend is expected to grow indefinitely at a 5.20% rate. What is the firm's expected dividend stream over the next 4 years? What is its current stock price? Assume a expected rate of return of 8.80%.

a) What are the expected dividend yield, the capital gains yield, and the total return during the first year?

b) Now assume that the stock is currently selling at $27.50. What is its expected rate of return?

c) What would the stock price be if its dividends were expected to have a growth rate of 0.60%?

Jo was in the market for a used car when she first moved to Melbourne. She spent many hours walking around at Car City looking for one. She found that the salespeople were overly friendly and asked her lots of questions about her life, which frankly, were none of their business. Why were the salespeople doing this? How do you think this information affected the price of the car? Jo had a budget in mind and ended up paying her top price for a car. What does this mean? How does this outcome affect producer and consumer surplus? What about society as a whole?

Jo was in the market for a used car when she first moved to Melbourne. She spent many hours walking around at Car City looking for one. She found that the salespeople were overly friendly and asked her lots of questions about her life, which frankly, were none of their business. Why were the salespeople doing this? How do you think this information affected the price of the car? Jo had a budget in mind and ended up paying her top price for a car. What does this mean? How does this outcome affect producer and consumer surplus? What about society as a whole?

Jo was in the market for a used car when she first moved to Melbourne. She spent many hours walking around at Car City looking for one. She found that the salespeople were overly friendly and asked her lots of questions about her life, which frankly, were none of their business. Why were the salespeople doing this? How do you think this information affected the price of the car? Jo had a budget in mind and ended up paying her top price for a car. What does this mean? How does this outcome affect producer and consumer surplus? What about society as a whole?

Python 3.7.4

Costume = {'label': str, 'price': int, 'sizes': [str]}

''' C5. Define a function `most_expensive_costume` that consumes a list of costumes and produces a string representing the label of the costume with the highest price. In the event of a tie, give the label of the item later in the list. If there are no costumes, return the special value None. '''

''' C6. Define a function `find_last_medium` that consumes a list of costumes and produces the label of the last costume that is available in a medium. If no medium costumes are found, produce the special value `None`. '''

''' C7. Define a function `find_first_small` that consumes a list of costumes and produces the label of the first costume that is available in a small. If no small costumes are found, produce the special value `None`. '''

Initial public offering  On April​ 13, 2017​, Yext Inc. completed its IPO on the NYSE. Yext sold 10,500,000 shares of stock at an offer price of ​$11 with an underwriting discount of ​$0.77 per share.​ Yext's closing stock price on the first day of trading on the secondary market was ​$13.41,and 85,489,470 shares were outstanding.

a. Calculate the total proceeds for​ Yext's IPO.

b. Calculate the percentage underwriter discount.

c. Calculate the dollar amount of the underwriting fee for​ Yext's IPO.

d. Calculate the net proceeds for​ Yext's IPO.

e. Calculate​ Yext's IPO underpricing.

f. Calculate​ Yext's market capitalization.

Suppose there is a 3-year bond with a $1000 face value, 12% coupon payments and a 6% yield to maturity.

a) Without any calculation, briefly explain whether this bond will be selling a premium or a discount

b) Calculate the price of this bond.

c) Calculate the duration of this bond. d) If someone buys this bond and holds it for three years, what is their rate of return? e) Suppose after one year, interest rates in the economy fall by 2%. If the person that bought this bond sells it at that time, what would be their rate of return? (Hint: First think about what the fall in interest rates will do to the bond’s price and then think about the rate of return.)

Initial public offering  

On April​ 13, 2017​, Yext Inc. completed its IPO on the NYSE. Yext sold 10,500,000 shares of stock at an offer price of ​$13 with an underwriting discount of ​$0.76 per share.​ Yext's closing stock price on the first day of trading on the secondary market was ​$13.43​, and 85,489,470 shares were outstanding.

a. Calculate the total proceeds for​ Yext's IPO.

b. Calculate the percentage underwriter discount.

c. Calculate the dollar amount of the underwriting fee for​ Yext's IPO.

d. Calculate the net proceeds for​ Yext's IPO.

e. Calculate​ Yext's IPO underpricing.

f. Calculate​ Yext's market capitalization.