General Questions
Who is the current President of the European Commission?
Ursula von der Leyen.
What are the current ECB main refinancing rate and the FED funds target rates?
3.4% and 4.5%-4.75%.
Name three reasons why a company should acquire another company.
Examples:
Value creation through revenue and cost synergies.
Ownership of technology assets (IP, patents, proprietary tech).
Talent acquisition (new skilled employees).
Geographic or market expansion.
Diversification of revenue sources (risk reduction, lower cost of capital).
Who is the current rector of Bocconi University?
Francesco Billari.
Which bank's bankruptcy in 2008 triggered the Great Recession?
Lehman Brothers.
What is the greatest hobby of the current CEO of Goldman Sachs?
He is a part-time DJ.
Provide the EV-to-Equity Value bridge, detailing at least eight elements.
EV = EqV + Financial Debt - Cash + Preferred Shares + Pensions & Provisions + Minority Interest - Associates + Capital Leases - NOL
In what year was BSCM founded?
2015.
Who is the current Chancellor of the UK?
Rachel Reeves.
Name at least three major financial or accounting frauds.
e.g., Enron, WorldCom, Theranos, FTX, AIG, Bernie Madoff’s Ponzi scheme, and Parmalat.
What are the key drivers of a call option price, and how do they impact the price? (Provide at least five.)
Underlying price: As it increases, the call option price increases.
Strike price: As it increases, the call option price decreases.
Risk-free rate: As it increases, the call option price increases.
Time to maturity: As it increases, the call option price increases.
Volatility: As it increases, the call option price increases.
Dividend payout: As it increases, the call option price decreases.
What is BSCM’s mission?
To conceive the word “Finance” in its broadest sense; it gives freedom to students who like to discuss and write about a wide range of finance topics, including investment banking, asset management, hedge funds and private equity.
What is the currency of Denmark?
The Danish krone.
Name two IPOs that occurred in Europe in 2024.
e.g., CVC Capital Partners, Puig, Galderma, Douglas, and Raspberry Pi.
How would a $100 PIK (Payment-In-Kind) interest expense flow into the three financial statements (30% tax rate)?
Income Statement: EBIT decreases by $100; Net Income decreases by $70.
Cash Flow Statement: CFO increases by $30 (-$70 + $100).
Balance Sheet: Cash increases by $30; Shareholders’ Equity decreases by $70; Liabilities increase by $100.
Name all current Board Members and Senior Analysts.
Giulio Pampaloni, Edoardo Miccio, Alexjandro Frattini, Domenico Destito, Jacopo Landi, Chiara Evangelisti, Matei Sandru, Roberto Fani, Elena di Ceglie, Giacomo Gulmini, Lodovico Del Re, Giorgio Gusella, Ginevra Ferraioli, Filippo Reina, Federico Longhi, Gianluca Battaini, Lucas Albìn.
Which country has the highest GDP per capita in the world?
Luxembourg.
What is Italy’s current Debt-to-GDP ratio?
134.6% (anything between 100%-150% is okay).
What EV/EBITDA sale multiple is needed to be neutral between a final year €11M decrease in NWC and a €1M increase in EBITDA (assume 60% cash conversion)?
Gain from NWC increase = Gain from EBITDA increase
11m = 600k + 1m x Sale Multiple
The neutral sale multiple is 10.4x.
Name one of BSCM’s founders.
One of Gianluigi Bracci, Vincenzo Carandente Tartaglia, Jurgen Gjini, or Francesco Manzo.