[求助] 哪位计算高手教我这3道题阿 ????? 谢谢 ~~~~~~

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我在国外读书.. 主修finance.. 英文的课程和题目弄得我晕死了 ....  我快要考试了, ,  哪位可以教教我阿 ??

谢谢你们阿 ~

Q1 (sources of financing) (assume annual interest payment)

You need to choose between making a public offering and arranging a private placement. In each case the issue involves $10 million face value of 10-year debt. You have the following data for each:

l         A public issue: the interest rate on the debt would be 8.5%, and the debt would be issue at face value. The underwriting spread would be 1.5%. and other expenses would be $80000.

l         a private placement: the interest rate on the private placement would be 9%, but the total issuing expenses would be only $30000.

Question:

1, what is the difference in the proceeds to the company net of expenses?

2, which is the better deal based on cost ?

Q2 (mergers and takeovers)

Everlife Ltd is considering acquiring Innova Ltd as Everlife believes Innova will be able to utilize its in-house expertise in genetic engineering. Under new management, Innova is expected to increase its growth rate from 6% per year to 8%per year. 

Everlife’s share price is $90 with outstanding shares of 1 million. Innova’s share price is $20 with outstanding shares of 600000. the last paid dividend is $0.80 per share

Question :

1, what’s the gain from the acquisition?

2, what is the cost of the acquisition if Everlife pays $25 in each for each share of Innova?

3, what’s the cost of the acquisition if Everlife offers one share of Everlife foe evert three shares of Innova?

Q3 (international financial management)

The table below shows the annual interest rate (annually compounded) and exchange rate against the dollar for different currencies.

                           Interest rate (%)   spot exchange rate     1-year forward exchange rate

The U.S. (dollar)            3                            -                                  -

Costaguana (pulga)         23                    10000                           11942

Gloccamorra (pint)          8                      17.1                              18.2

Are there any arbitrage opportunities?

If so, how would you secure a positive cash flow today, while zeroing out all future cash flow?

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关键词：Underwriting Acquisition outstanding Considering Engineering 求助 高手

第一题是对两种融资方式的资本成本比较问题。

公开发行的融资成本为用资成本除以有效的筹资额。用资成本为筹资额乘8.5%，有效筹资额等于筹集的资金减去承销费（发行总额乘上发行费率）和相关费用8万。计算公式为：

资本成本=1000*8.5%/(1000-1000*1.5%-8）

私下融资简单一些。其资本成本=1000*9%/（1000-3）

很感谢楼上 ~~~~~~  

请问(1000-1000*1.5%-8）这个中间没有什么括号吗 ??

这两个算出来就是答案吗 ??????

还有2,3题阿```` 我不会做阿 ~~~~~~~~~ 

borrow 1 pint in the Gloccamorra,then exchange 0.9852=(1.08*17.1/(18.2*1.03)) into pint,that is 0.05761 dollar,to invest it in the US. you also have to buy a forward contract . So you will have a positive cash flow for 0.0148 pint at present with no risk.

a year later, your pint loan will be 1.08, the investment in the US will earn you 0.05934 dollar,then exchange with your forward contract for 1.08pint equals your liabilities.