Mini-Case Lawrence’s Legacy: Part 2
This mini-case is available in MyFinanceLab.
In Chapter 7, we saw stockbroker Don Kraska, CFA, preparing to answer a list of questions concerning stock valuation. These questions and answers were to serve as the outline for a presentation before a committee of officials from the Town of Webley. The committee needed advice on how best to follow the instructions in the will of James Lawrence, who had left the town 2,000 shares of Google stock, currently valued at approximately $1,250,000. Lawrence’s will instructed the town to sell the Google shares and set up a diversified stock portfolio that would fund annual grants for youth groups in the town.
During the course of Kraska’s first presentation, Webley officials ...
Get Financial Management: Core Concepts, Third Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
