The interviewer isn’t looking for a specific answer. Instead, they want to see how well you can provide an estimate. Here is a sample answer:

“I started talking about Net Asset Value (NAV) as a form of evaluating mines, specifically utilizing Price to Net Asset Value (P/NAV). Also, it would be helpful to ask what stage the mine is in (exploration, brownfield, etc.) to provide better color.”

This question is completely open-ended. Of course, your answer depends on your feelings about diversity so you can speak freely here. For example, a user from WSO has provided this answer:

“Diversity means being empathetic towards other backgrounds, whether it’s race, culture, socioeconomic background, or any other trait that makes us different. I believe it’s important to be mindful of it and strive to find the common ground we all have.” 

Here you’ll have to sell yourself. Highlight your qualities, strengths, and abilities. If you want to stand out, it is suggested that you should mention how these traits will allow you to succeed in the position.

Thankfully, there are no right or wrong answers here. However, if you want to stand out, you can share your hobbies that can apply to the position.
For example, if you are applying to be a trader, you can mention that you follow the stock market.

The best way to approach this question is to understand that your interviewer isn’t seeking a precise answer. Instead, what they’re interested in is your methodology.

A WSO user suggested this:

“To answer this question effectively, you should make educated assumptions. For instance, take the number of people in NYC (say 8 million) and assume that there were 4 people for every car. And so, that would be 2 million cars.”

To best answer this question, you can share some of your relevant technical skills for the position you’re applying for with the interviewer. You can then mention one or two projects you’ve worked on where you’ve used these skills.

Effectively, this is a question about your personality and not your abilities. Highlight traits you think would be helpful in this role and several traits you can mention.

Here are some examples:

• Attention to detail 
• Efficient 
• Eager to learn 
• Personable
• Comfortable with deadlines

The choice is yours here. All that matters is that you can explain why you admire him or her. Try to steer clear of anyone that may be considered controversial.

You can share any of your achievements. However, you should be careful with your answers because they will base the questions on them, so if you try to make something up, it's really easy to spot.

Here is an answer provided by a WSO user:

“I talked about setting up a BBQ shop and helping butchers get rid of any scrap meat at a low price, hence, benefiting myself and the butcher.”

To determine the company's value, you can use the Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization Ratio (EV/EBITDA). A high ratio would indicate that the company is overvalued.

Two examples of these multiples are the Price to Earnings ratio (P/E) and the Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization ratio (EV/EBITDA).

The formula for equity value per share is

Equity Value = Common Shares Outstanding * Share Price

If you know the answer off the top of your head, good for you! If not, that is okay too. RBC is primarily interested in how close to the answer your estimate is.

Here is how a WSO user approached this question:

“A good thought process for this question is considering that 25² is 625. And so, a safe assumption would be 260. This is because 65,000 is 100 times larger and not exactly 625 x 100.”

Here is a sample answer from a WSO user:

“As RBC's private bank workflows focus heavily around credit products, I talked about how the deal flow for the credit products will decrease.”

Several factors may cause this difference. This includes growth, margins, geography, and revenue concentration.

While this is one of the most common questions you can be asked, it is a bit difficult. So here is an outline provided by a WSO user that states what a good stock pitch should consist of:

• How the company makes money - they may have 3-4 segments, but maybe only 1-2 matters.
• Company positioning/market outlook/business quality - grow faster or slower than the market? Barriers to entry?
• What is consensus expecting? More importantly, you need to understand how you are differentiated.
• Your catalyst to realize the above point
• Key risks
• Company X and comps valuations; should know what these both trade for on average historically. The entire sector may have re-rated BC. It's a staples company, and investors are looking for dividend yield.
• Upside/downside scenarios and returns. You should have 2-3 assumptions for each scenario to bridge how you got there.

It’s also important to mention that the pitch should be no longer than 3-5 minutes. For more information about the stock pitch, you can check out WSO’s guide on pitching a stock here.

It depends on the size of each company. If the acquirer is a big public company buying a distressed company, it likely uses the lower cost of capital of the acquirer. Still, in other cases, it uses the target.

This question depends on what’s going on in the markets. Most likely, your interviewer would be well aware of the current conditions, and they expect the same from you since you’re interviewing for a finance role.

Here you’ll have to make an assumption and support it based on the S&P’s performance. Of course, there is no right or wrong answer since you’re giving your opinion, but your answer should align with the general prediction for the S&P’s performance.

Three primary valuation methods exist: the Discounted Cash Flow (DCF) Analysis, Comparable Company Analysis, and Precedents.