Individual assignment

This assignment is to be d unmatched individu altogethery. This means that you ar mandatory to reaction the questions in the assignment on your own. The purpose of the assignment is to dish out you become more(prenominal) than familiar with pricing options, use a specifi rec every last(predicate)y designed piece of software system crossway brass. The pricing of options is a very technical area, and around(prenominal) of us do non generate the technical expertise to terms options from first principals. Therefore in your schooling lives, if you do need to legal injury options, thus it testamenting most credibly be make for you via software.The software we ordain be use is called derivable, which has been preciseally developed for the Hull et al (2014) textbook. You privy download the software from the Model unit site on a lower floor the special Resources section. Software Installation Installation instructions for the Derivable software are quite straigh t forward. Please follow these simple steps. yard 1 . Go to the BIFF 5 Model site, under Additional Resources Section, click on the Derivable software and download the file Derivable. Zip. feeling 2. Double-click on the Derivable. IP file to bring up the Winzip utility program. footfall 3. In the Winzip utility program, on the Home tab, in that location should be a add labeled I-click Unzip. Press on the I-click Unzip button. The compressed files directories and folders should and then be extract. once Winzip has eke outd the extraction, then close the Winzip program. pervert 4. There should now be a folder in your directory named Derivable. Drill down done the Derivable folder until you come to the list of files The only file you need to be concerned with for the identification is judge . XSL. Step 5.Double-click on file measure . XSL. This should bring up your Excel application aerogram with the examine . XSL spreadsheet. If you exact in in the readmes. Txt file th at is located in the equivalent directory as the JUDGE . XSL file, it go away tell you the variants of the Excel program that Derivable volition function with. If you are not using any of these versions of Excel then you go forth need to get access to one of them in lodge to do the assignment. Step 6. Once you acquit opened the JUDGE . XSL program in Excel, that last-place step you need to perform is to envision that Excel has Enabled Macros.This go forth allow the Excel program to use the Visual Basic for Applications (ABA) autograph on which Derivable is eased. If you are using Excel 2010, the alter macros should egress as a strip across the top of your spreadsheet when you first enter the JUDGE . XSL program. You just need to press the enable button. If you a ulterior version of Excel you ordain need to go to the macro tribute measures measure settings and enable the macros. Once you have enabled the macros, Derivable bequeath be available for use. Step 7 Cli ck on the Excel spreadsheet tab Equity_FIX_landed_Futures_Options.This is the only spreadsheet you forget need to complete the assignment. Format of concession and entranceway requirements The assignment consists of septette questions. You should guarantee all questions. Responses to the questions should be presented according to the Q Manual. The Q Manual provides guide strings on the exhibit of submitted materials. Submission of the assignment go away require both an electronic submission AND a herculean retroflex submission The submission of an electronic copy undefended be done via Model (further technical details will be provided prior to the submission date. The submission of a bodily hard copy will be done via a designated assignment street corner located in the 3rd Floor Foyer of Building H. further details to be provided closer to the submission date. ) ASSIGNMENT QUESTIONS Please flavour Most, but not all of the material needed to answer these questions will be c allwhere in lectures. You are postgraduate students so it is pass judgment that you will be able to seek out the material necessity to complete the questions using your own initiative. All tuition is available at heart the textbook, even though it may not all be covered in lectures.IQ . Use Derivable to calculate the determine of an Ameri tail end plant option on a non- divid blockade-paying line of merchandise when the stock determine is apply 30, the resume set is USED 32, the sis-free rate is 5%, the capriciousness is 30% and the clock to maturity is 1. 5 eld. (Choose Binomial Ameri faecal matter for the option type and 50 eon steps. ) (See Chapter 9 for musical accompaniment theory and materials) a) What is the options intrinsic apprize? B) What is the options measure look on? C) What would a time appreciate of zero indicate? What is the value of an option with zero time value? ) Using a rivulet and error approach, calculate how low the stock apostr ophize would have to be for the time value of the option to be zero. (use 50 and 500 time steps) Q. Consider an option on a stock when the stock price is $41, the strike price is $40, he risk-free rate is 6%, the volatility is 35% and the time to maturity is one year. Assume that a dividend of $0. 50 is judge by and by six months. (See Chapter 10 for a) Use Derivable to value the option assuming it is a European call. B) Use Derivable to value the option assuming it is a European portion. ) Verify that site-call parity holds. D) Explore, using Derivable, what happens to the price of the options as the time to maturity becomes very large. For this purpose, assume in that location are no dividends. Explain the forces you get. Q. Suppose that the price of a non-dividend-paying stock is $32, its volatility is 30% ND the risk-free rate for all maturities is 5% per annum. Use Derivable to calculate the cost of setting up the by-line positions. In each case provide a table display the relations hip to(predicate) in the midst of profit and final stock price. Ignore the bushel of discounting.Each table should have two columns, Stock Price Range and Profit (See Chapter 11 for supporting theory and materials) a) a bull spread using European call options with strike prices of $25 and $30 and a maturity of six months b) a bear spread using European put options with strike prices of $25 and $30 and a ) a butterfly spread using European call options with strike prices of $25, $30 and $35 and a maturity of one year d) a butterfly spread using European put options with strike prices of $25, $30 and e) a straddle using options with a strike price of $30 and a six-month maturity f) a strangle using options with strike prices of $25 and $35 and a six-month maturity. Q. Consider a European call option on a non-dividend-paying stock where the stock price is ADD 40, the strike price is ADD 40, the risk-free rate is 4% per annum, the volatility is 30% per annum and the time to maturity is six months. See Chapter 12 for supporting theory and materials) a) Calculate , and for a two-step tree b) regard as the option using a two-step tree. C) Verify that Derivable gives the same answer. D) Use Derivable to value the option with 5, 50, 100 and 500 time steps. Q.Consider an American call option when the stock price is $18, the exercise price is $20, the time to maturity is six months, the volatility is 30% per annum and the risk- free recreate rate is 10% per annum. Two equal dividends of 40 cents are anticipate during the life of the option, with ex-dividend dates at the end of two months and five months. respective(prenominal) AssignmentAs stated earlier IM has been a significant tool in trading and commerce since the beginning of time. How ever what sets an fundamental law apart is its expertness to hangs info into schooling as efficiently and cost effectively as possible. Before we tackle this issue, defining entropy and tuition is important fo r the interest group of understanding the background they will be used. Data is defined by OBrien (2003) as raw material resources that are processed into finished learning harvest-homes. Information is data that has been converted into meaningful and useful context for specific end users (OBrien, 2003).Hence, it is off the hook(predicate) to say that data becomes data when value is added to it each through organizing, compendium and evaluation and placed in the remediate context or the end user. If this statement is true then we can descend that the better the organization is at completing the above process, then the more effective it is, and if it can streamline this process enough to provide the end user with a portion or product that they are impulsive to pay for, it will have increased its competitiveness (Gabon, 2008).For instance, a railroad car manufacturer that assembles luxury cars exigencys to increase the effectiveness of their organizational dust. They w ould start by looking at each component of the organization gritty schoollighting areas in which they can improve on musical note, control and cost. In manufacturing they energy want to introduce an Operating Support System (ASS) which is specific about the requirements at the plant to complete assembly of a car. The data gossipted into the frame requires that the inputted be specific about supplies, number of hours worked, number of people required to work on a particular car or day etc.The system will process and store the data for the close user, in a form that they will understand. Here the organization may look at the improvement of its net working(a) system as access of the schooling is made easier and fleet with the use of the intranet (OBrien, 2003). Other elements that will add value to this process, in that locationby magnanimous context to the next user is the compilation of relatable data ofttimes(prenominal) as energy usage, space required, reputable suppli ers, financing and clement resources.These might be inputted by other systems within the organization much(prenominal)(prenominal) as the return ambit Management Systems (SCM), with the use of the extranet (OBrien, 2003). The data is then stored in the applicable data foot until it is required by the next user. A combination of the data can be transformed into study that is used in marketing of the cars manufactured, or can be used in the ordering and distribution of sources such(prenominal) as parts (doors, seats, trees) and land allocation or money for root development.This process of transformation can alike be used as a control measure, when targets of the different organizational components are reviewed, or the quality or accuracy of the initial data may require hinderance and correction. Once the data has been transformed the tuition/ product can then be disseminated to the end user, in this example the car is sold to the client. A Customer Relationship Management System (CRAMS) can collect data for feedback purposes or for customization of the car, depending on when the data is used.In essence a cycle is created and soundless hunt down of information from one component to the next increases the effectiveness and the competitiveness. These processes and systems attend in reduction in time wastage, an expensive commodity, where traditionally the organization might have had to compile the data physically, taken days to analyses it to catch out trends and pass it on to the different departments or components. In the process things might be delayed or incorrect, compilation could also involve choke costs in cases of the manufacturer having more than one assembly plant.The information from appliers would require making multiple phone calls for quotations or back and forts as prices are negotiated. All these are examples of costs that would be transferred to the guest. Quality of the information could be compromised depending on the control o f data collection and transformation, leading to inferior parts macrocosm used resolutenessing in a hazardous product that might not meet specifications, hence resulting in the product being referd as a right-off or loss.The wrong customer information could lead to the wrong car being regressed to the wrong person, which could lead to customer dissatisfaction and inconveniences. Or storage of the information could lead to losses in customers, suppliers and credibleness in the manufacture. As the organization implements the use of IS for information management it starts to optimize all its processes, thereby meeting Porters analysis of the value chain (Gabon, 2008) where streamlining input, touch on and output leads to larger profit margins. Whilst at the same time delicious Shihs measure of organizational effectiveness.In conclusion, if an organization successfully integrates the use of information systems as a means of information management, the benefits are multiple and extensive if done correctly. Obviously, if the organization introduces information systems but does not train staff on how to use it, or does not implement control measures in the input of the data the information gathered will not only be inaccurate but will lead to misinformation leading to lack of optimization, thereof reducing effectiveness and competitiveness(Gigs).Hence, the organization has to be fully committed to the performance of the information systems as a means of improving its methods of information management, differently it will fall short. Interaction between the different components of the organization (through intranet), as ell as with outside entities, such as suppliers (extranet) and customers/ end users (internet) take to be as smooth as possible. Of course, there will be instances of downtime, however how these are dealt with also improves the overall effectiveness of the organization and can iterate into an increase in competitiveness.References 1) OBr ien, J. A. (2003) Introduction to Information Systems Essentials of the E- trading Enterprise. 1 lath Edition. supranational edition McGraw-Hill Irwin. Boston 2) Gigs, W. ( ) Demand median effectiveness versus organizational efficiency. Http//smellinesss. Churn. Com/organizatioorganizational posture Vs.. Organizational Efficiency 3) Gabon, M. (2008) Measuring company train competitiveness in Porters Diamond model framework. HTTPS//ideas. Repel. Org/h/peak/suffer/149-1 58. HTML b) reason variant e- blood strategies that can be implemented for competitive advantage. (25) Over the years due to stiffer competition, growing spheric markets and a rise in more tech savvy consumers, the e- business has had to restructure the way they conduct business. With more and more people having access to the internet, it has become advantageous for e-businesses to conduct business online, hence, the reaping in numbers of -businesses. E-business has been described as conducting business via the internet.It is not limited to just buying and selling but also the religious service of customers and the collaboration with suppliers (OBrien, 2003). The demand for instant or efficient services, which are also affordable and custom-made, in some instances, has driven e-businesses to implement strategies that counter forces such as competition, customer bar relieve oneselfing supplier bargaining, threat of substitutes and the threat of brisk entrants (OBrien, 2003). It is through the implementation of effective strategies to curb or reduce these actors that the e-business can increase its competitive advantage.This assignment will debate various e-business strategies and will highlight how their implementation leads to competitive advantage. Before we look at the strategies that can be implemented and how, it is important to clarify what a system is. dodging is an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain competiti ve advantage (Belabored et al, 2011 Therefore e-business strategy would then be strategy as it applies to the e-business model.Another term that needs unpacking is competitive advantage as this will illuminate to what end the strategy is adopted. When the e-business implements a strategy that competitors are otiose to duplicate or find too costly to imitate then it is said to have a competitive advantage (Belabored et al, 201 1). Hence, we can generalize that when online businesses adopt systems that streamline and enhance their trading operations and knowledge base with the result of creating a seen. ice or product that is rum, in some way, gives that business an advantage.An effective way of e-business strategy implementation is through the adoption f a more strategical information management, in other words, information systems that allow the provision of a service or product that industry competitors cannot provide. When it comes to implementation of the strategic informatio n management system in e-businesses, there are several points within the value chain where the strategy can be adopted so as to improve the end product/ seen,ice namely at Customer Relationship Management (CRM), Supply Chain Management (SCM), Enterprise Resource Management (ERM) (OBrien, 2003).Therefore, the focus is on the strategic adoption of cost leadership, coalescencys, innovations and differentiation of the ND product or service (OBrien, 2003) using information management systems. It is important to note that e-businesses are likely to use a combination of the strategies to gain competitive advantage however, the examples infra will try and place their implementation in isolation, in an attempt to illustrate how they work to increase competitive advantage.E- businesses are using strategic information systems at different organizational levels to improve the margins in their value chain (OBrien, 2003) as this enables them to deal with the ever changing markets, keeping them relevant ND competitive. For instance, Symbolizing, a locally base e-business that facilitates the purchase of groceries online and chaps delivery to your doorstep, or nearest postal outlet in remote areas, has adopted an alliance strategy that enables the organization to service a niche market.The cost of delivering the groceries themselves would have been too high and would have resulted in an increase in the cost of service for the customer. However, through the strategic alliance with Compost, Symbolizing is able to offer the service to a wider range of clients as they can promise to deliver to almost nowhere countrywide as long as there is a post office. Through this alliance Zoning is able to tale doing business at a sign efficiently lower price, whilst at the same time offering a unique service to the Diaspora market that competitors are unable to duplicate.Another strategy an e-business could adopt to improve its strategic information system through innovation is by intr oducing a support system that plugs into the Customer Relationship Management system already in place. For example, if an e-business that offers security system department and tracking services for vehicles, also introduces a call centre agility, which the customer can access through the navigation system in the vehicle to ask for clearer navigation instructions or other services such as remote unlocking of the vehicle in the event that the owner has locked the keys in the car.This would give the business a competitive advantage as they have created a service that adds value to an existing one but is unique to them alone. In the same example if the navigation system or tracking system could inform the customer that it requires an update and when the customer makes a pay the system updates using hotshot access. The convenience f this encounters that the customer is locked-in, and will not look elsewhere for the same services.Strategic flexibility, which is capabilities used to respond to various demands and opportunities existing in a dynamic and uncertain competitive surroundings (Belabored et alarm 2011), improves e-business agility, which is its ability to post above average returns in an ever changing dynamic environment, due to quick responses to changes in the environment (OBrien, 2003), as shown by an e-business that ensures that continued research, learning and training improves its service offering such as hospital in India hat specializes in the performance Of hip and knee replacements and diagnoses and recruits their tolerants online through a series of consultations, which are free, resulted in their open up up their client base to include people from all over the world.They have a support system that follows up on patient care which assists in referrals, as patients share their experiences with others with similar ailments. The hospital no longer waits to patients to come to India, it has brought Indian state of the art wellnesscare to the global market online. Omen Inc. As illustrated by Cyprian (2003) adopted the growth strategy wrought the introduction of an online design room, which both designers and customers use to design, order and purchase customized faucets. The information system integrated the CRM and the SCM systems to produce a newfound product offering. They not only expanded their customer and supplier base they expanded their product lines.Individual AssignmentAlso, we had reviewed the different data flow that would function and mitigate the straightlaced handling between Ordain and their plants, and which would ensure the best relationship between each department. It would Improve the communication In Ordain Manufacturing and, thus. Save time and money after it is finally implemented. earnest Controls Security and secure ways of doing business should always be an most level of concern in any project.Security Is to begin with handled and managed by the operations group, which is the same staff t hat is responsible for operating in installing security intros and functions such as, Intrusion Protection Systems, Intrusion sensing Systems, firewalls, and recovery and part backup operations. Yet, this system developers also share right when it comes to security, especially when its inner(a) the IT and information systems. The application architecture should be running play on Linux/Null-based horde or Windows 7 Server Edition. either additional software or programs that would later be needed could be programmed in-house as a development project. port wines Interface design is the process of defining how the system will interact with foreign entities, e. G. Customers, suppliers, other systems (Dennis, Wisdom, Roth, 2009). System interfaces require a high level of security because they are well capable of exchanging different information with other information systems. Password requirements can achieve a high level of security by themselves, and are considered secure meth ods to manage employee files, backstage and confident documents, or company tax records.Password requirements also help check internal security threats, like employees trying to access another employees computer. net income one pass this consultant has is incorporating a database that is accompanied and would be neighborly only via a PLAN (Virtual Local Area Network). This allows a certain employee to update, view, and modify if essential some basic level information that would be subject to hitch bias supervisor or other payroll clerk.Access such as this would definitely require the use of a tidings and surname for security methods. Also, methods of security that would be of a most level would be the triplet factor authentication method, which would be surname with password and also a fingerprint scan. Also, the third-party organizations that handle Radians employees benefits, like their workers compensation and health infinite, should be audited every year for the purpos e of com edited this and accuracy, and this would also ensure the most correct processes within Ordain.Physical Data Flow Diagrams Implementation designs and decisions describe how an information system will work, and one has to know this before shrewd application system of logic of the information system. The physical data flow diagrams of this information would show all the details including, but not limited to, the data stores that refer to the database tables and the files, the human actions or programs that perform the processes, as well as he physical transfer media for those data flows. If one maintains a proper in clear implementation, it will always provide the services that you will expect with complete and accurate results.Ordain wants to resolve the additional issues regarding the implementation and processes of the final changes, as shortly as possible. There will be a meeting next week to wrangle this very issue, and this author will work as hard as possible to ens ure that all this companies needs will be satisfied and met, and in secure and safe manner as well. Conclusion It has been shown, by the data flow diagrams as well as the basis of this report, that whatever issues had plagued the Human Resources Department, it can be fixed References Systems summary and Design, 4th Edition.Individual AssignmentIndividual Assignment Topic maintain your understandings of financial statements, working capital management, financial planning to identify, analyze, and propose solutions to the problems presented in Clarkson pound up society case. Requirements * Answer all the road map questions. Support your answer with necessary calculations, forecasts, analysis * Summarize the problems and propose solutions for Clarkson Lumber Company based on your answers and analysis of the guideline questions.Assessments * This is an individual assignment. Although you are encouraged to discuss the case with your proofreader and fellow students, you are required to write the report on your own. Any evidence of plagiarisms will result in a disqualification. * Your total set is 100 pts (answers to the guideline questions 60 pts, summary of the problems 10 pts, and proposed solution 30 pts) * Format use Arial 11 1. 15 line spacing. * Deadline March 31st, 2013Guideline questions 1. why has Clarkson Lumber borrowed increasing amounts disrespect its consistent lucrativeness? (5 pts) 2. How has Mr. Clarkson met the financing needs of the company during the period 1993 through 1995? Has the financial carriage of Clarkson Lumber better or deteriorated? (15 pts) 3. How attractive is it to take the stack discounts? (10 pts) 4. Do you agree with Mr. Clarksons estimate of the companys loan requirements?How much will he need to finance the expected involution in sales to $5. 5 million in 1996 and to take all trade discounts? (15 pts) 5. As Mr. Clarksons financial adviser, would you urge him to go ahead with, or to reconsider, his anticipated expans ion and his plans for additional debt financing? As the banker, would you approve Mr. Clarksons loan request, and if so, what conditions would you put on the loan? (15 pts)Individual AssignmentAlso, we had reviewed the different data flow that would function and Improve the proper handling between Ordain and their plants, and which would ensure the best relationship between each department. It would Improve the communication In Ordain Manufacturing and, thus. Save time and money after it is finally implemented. Security Controls Security and secure ways of doing business should always be an most level of concern in any project.Security Is primarily handled and managed by the operations group, which is the same staff that is responsible for operating in installing security intros and functions such as, Intrusion Protection Systems, Intrusion Detection Systems, firewalls, and recovery and routine backup operations. Yet, this system developers also share responsibility when it comes to security, especially when its inside the IT and information systems. The application architecture should be run on Linux/Null-based server or Windows 7 Server Edition.Any additional software or programs that would later be needed could be programmed in-house as a development project. Interfaces Interface design is the process of defining how the system will interact with external entities, e. G. Customers, suppliers, other systems (Dennis, Wisdom, Roth, 2009). System interfaces require a high level of security because they are well capable of exchanging different information with other information systems. Password requirements can achieve a high level of security by themselves, and are considered secure methods to manage employee files, private and confident documents, or company tax records.Password requirements also help prevent internal security threats, like employees trying to access another employees computer. Network one recommendation this consultant has is incorporating a database that is accompanied and would be accessible only via a PLAN (Virtual Local Area Network). This allows a trusted employee to update, view, and modify if necessary some basic level information that would be subject to confirmation bias supervisor or other payroll clerk.Access such as this would definitely require the use of a password and surname for security methods. Also, methods of security that would be of a most level would be the three factor authentication method, which would be surname with password and also a fingerprint scan. Also, the third-party organizations that handle Radians employees benefits, like their workers compensation and health infinite, should be audited every year for the purpose of com edited this and accuracy, and this would also ensure the most correct processes within Ordain.Physical Data Flow Diagrams Implementation designs and decisions describe how an information system will work, and one has to know this before designing application logic of the information system. The physical data flow diagrams of this information would show all the details including, but not limited to, the data stores that refer to the database tables and the files, the human actions or programs that perform the processes, as well as he physical transfer media for those data flows. If one maintains a proper in clear implementation, it will always provide the services that you will expect with complete and accurate results.Ordain wants to resolve the additional issues regarding the implementation and processes of the final changes, as soon as possible. There will be a meeting next week to discuss this very issue, and this author will work as hard as possible to ensure that all this companies needs will be satisfied and met, and in secure and safe manner as well. Conclusion It has been shown, by the data flow diagrams as well as the basis of this report, that whatever issues had plagued the Human Resources Department, it can be fixed References Sys tems Analysis and Design, 4th Edition.Individual AssignmentIndividual Assignment Topic Apply your understandings of financial statements, working capital management, financial planning to identify, analyze, and propose solutions to the problems presented in Clarkson Lumber Company case. Requirements * Answer all the guideline questions. Support your answer with necessary calculations, forecasts, analysis * Summarize the problems and propose solutions for Clarkson Lumber Company based on your answers and analysis of the guideline questions.Assessments * This is an individual assignment. Although you are encouraged to discuss the case with your lecturer and fellow students, you are required to write the report on your own. Any evidence of plagiarisms will result in a disqualification. * Your total score is 100 pts (answers to the guideline questions 60 pts, summary of the problems 10 pts, and proposed solution 30 pts) * Format use Arial 11 1. 15 line spacing. * Deadline March 31st, 20 13Guideline questions 1. Why has Clarkson Lumber borrowed increasing amounts despite its consistent profitability? (5 pts) 2. How has Mr. Clarkson met the financing needs of the company during the period 1993 through 1995? Has the financial strength of Clarkson Lumber improved or deteriorated? (15 pts) 3. How attractive is it to take the trade discounts? (10 pts) 4. Do you agree with Mr. Clarksons estimate of the companys loan requirements?How much will he need to finance the expected expansion in sales to $5. 5 million in 1996 and to take all trade discounts? (15 pts) 5. As Mr. Clarksons financial adviser, would you urge him to go ahead with, or to reconsider, his anticipated expansion and his plans for additional debt financing? As the banker, would you approve Mr. Clarksons loan request, and if so, what conditions would you put on the loan? (15 pts)Individual AssignmentIndividual Assignment Topic Apply your understandings of financial statements, working capital management, finan cial planning to identify, analyze, and propose solutions to the problems presented in Clarkson Lumber Company case. Requirements * Answer all the guideline questions. Support your answer with necessary calculations, forecasts, analysis * Summarize the problems and propose solutions for Clarkson Lumber Company based on your answers and analysis of the guideline questions.Assessments * This is an individual assignment. Although you are encouraged to discuss the case with your lecturer and fellow students, you are required to write the report on your own. Any evidence of plagiarisms will result in a disqualification. * Your total score is 100 pts (answers to the guideline questions 60 pts, summary of the problems 10 pts, and proposed solution 30 pts) * Format use Arial 11 1. 15 line spacing. * Deadline March 31st, 2013Guideline questions 1. Why has Clarkson Lumber borrowed increasing amounts despite its consistent profitability? (5 pts) 2. How has Mr. Clarkson met the financing needs of the company during the period 1993 through 1995? Has the financial strength of Clarkson Lumber improved or deteriorated? (15 pts) 3. How attractive is it to take the trade discounts? (10 pts) 4. Do you agree with Mr. Clarksons estimate of the companys loan requirements?How much will he need to finance the expected expansion in sales to $5. 5 million in 1996 and to take all trade discounts? (15 pts) 5. As Mr. Clarksons financial adviser, would you urge him to go ahead with, or to reconsider, his anticipated expansion and his plans for additional debt financing? As the banker, would you approve Mr. Clarksons loan request, and if so, what conditions would you put on the loan? (15 pts)