Investment Banking Summer Associate Interview - Generalist
Why Truist?
Role of Associate
Valuation methods
Walk me through the DCF
depreciation expense of $10. Impact on 3 FS
Debt Issuance of $10. Impact on 3 FS
A has a P/E of 10x, and B has a P/E of 20x. Is the deal accretive or dilutive? If it is an all-cash deal, and forgone interest on cash is 1%. Is the deal dilutive or accretive?
What is WACC?
What is Cost of Equity?
What is equity risk premium?
How would you calculate the cost of Debt?
What is EBITDA? What is the purpose in valuation?
Market cap $200, interest coupon 5%, interest expense $20, tax 50%, EV/EBITDA=20. What is Net Income?
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