$$\begin{gathered} 6760000=0.00000676×102 \\ = 0.00000676 ×102 \\ = 0.0026×106 = 2600 \end{gathered}$$

$$\begin{gathered} 0.01+0.0064=0.01+6410000 \\ =0.01+8100 =0.01+0.08=0.3 \end{gathered}$$

$$\begin{gathered} Given x × y = x + y + xy \\ Here x = 6 , y = 24 \\ Then, \\ x × y = 6 + 24 + 6x24 \\ 6 x 24 = 30 + 144 \\ = 30 + 12 \\ = 42. \end{gathered}$$

$$\begin{gathered} 10+25+108+154+225 \\ 10+25+108+154+15 \\ 10+25+108+13 \\ 10+25+11 \\ 10+6 \\ 16 \\ =4 \end{gathered}$$

The advantage of equity finance for a company – raising money by selling shares – is that this money does not have to be repaid. However, new shareholders usually get to have a say in how the company is run. Despite these rights, equity is often seen as a risky choice for investors as they will lose all their money if the company doesn’t prosper. If it does well, on the other hand, they may see their stake multiply in value many times over.

Debt finance – money raised through loans – must be repaid eventually by a company, usually with interest, but lenders won’t be able to exert as much influence as shareholders over how the company does business. The debt of a reliable company is usually seen as a safe investment, but fixed repayment schedules means that there are few opportunities for large returns.

In a market where the value of assets is falling, known as a bear market, traders might consider taking short positions, that is, borrowing assets they don’t own, selling them, and buying them back to return them at a later date when their price has fallen. Meanwhile, those working in asset management or M&A might consider, or advise clients to consider, snapping up undervalued assets.

Much of your answer to this question will depend on your role – so do some careful research into your chosen department. In M&A, you might spend much of your time on financial models related to the deals you’re working on, while in a trading role you might start out by assisting more senior members of the team before being given the chance to manage a trading book yourself. Beyond that, it’s important to show that you’ll be keen to take on responsibilities, but that you also recognise that your first year is about learning the ropes, usually means include following instructions from others and completing some mundane tasks.