No plagiarism, follow instructions attached,Question 1 As companies grow in size, it is inevitable for the shareholders to hire management to run the operations of the business. The entire team of management, starting from the CEO and other top-level management, all the way to the middle and bottom level management are expected to perform towards the growth of the business. Since the shareholders of large companies are scattered across geographies, they appoint certain members as representatives who are elected to represent them on the company board. The board of directors of a company, along with the Chairman, are expected to keep the actions of the management in check. Explain the above in context of agency theory and corporate governance. What can companies do to ensure adequate corporate governance?Question 2 Mr. Morris had $100,000 in his account. Using this fund, he made a portfolio of two NYSE listed stocks – Johnson and Johnson (J&J) and IBM on 01 Jan 2019 in the ratio of 60:40, i.e. 60% funds in J&J & 40% funds in IBM. The daily stock data of both stocks can be found on market websites such as finance.yahoo.com. Download daily data for 1 year from 1 Jan 2019 – 1st Jan 2020. Using the stock data of the two stocks, you are required to explain the below concepts and then compute for the given stocks: a. Annual return of both J&J and IBM. (10 marks) b. Annualized standard deviation of returns of both J&J and IBM (10 marks)c.Correlation coefficient of returns of J&J and IBM. What does this correlation coefficient signifyabout the correlation of the two stocks and corresponding decision from an investor? (10 marks) d. Portfolio return of the portfolio of two stocks. (10 marks) e. Portfolio risk (standard deviation) of the portfolio of two stocks. (10 marks)f. Critically analyze your investment decision in these two companies (10 Marks). Given an option, would you like to invest in any other company? Or would you like to have a different ratio of investment in the two? (10 marks)Question 3: Your firm’s geologists have discovered a small oil field in New York’s Westchester County. The field is forecasted to produce a cash flow of C1 $2 million in the first year. You estimate that you could earn an expected return of r 12% from investing in stocks with a similar degree of risk to your oil field. Therefore, 12% is the opportunity cost of capital. What is the present value? The answer, of course, depends on what happens to the cash flows after the first year. Calculate present value for the following cases: a. The cash flows are forecasted to continue for 20 years only, with no expected growth or decline during that period (5 Marks) b. The cash flows are forecasted to continue for 20 years only, increasing by 3% per year because of inflation (5 Marks) c. Evaluate the cashflows in a and b and explain which one you will choose and why (10 Marks)

I need some assistance solving a Probability Theory problem. The question is broken down into two parts. The Question is:  How do you play two dice Bunco? There are six rounds, one for each of the possible outcomes in a die, namely the numbers one through six. Going clockwise, players take turns rolling two dice trying to score points. Points are usually awarded as such: 21 points if both dice match the current round number (a "Bunco"); five points are awarded if both dice match each other, but do not match the current round number (a "Mini Bunco"). Finally, one point is awarded for a single die matching the current round number. If points are scored, the player gets to roll again, continuing to add to their score. If no points are awarded, the player's turn ends and the dice are passed to the next player. At the end of the game, the winners get prizes for accomplishments such as the highest score, the lowest score, or the most buncos. Part I: Complete the following steps assuming the round number is 6: What is the probability that the player rolls two distinct numbers different than six or rolls exactly one six (no points or one point)? What is the probability that the player rolls two of the same number but no six, i.e., two 1s, or two 2s, and so on (five points Mini Bunco)? What is the probability that the player rolls two 6s (21 points Bunco)? Compute the total of the probabilities found in the three previous questions. If the player wins a dollar for every point, he/she gets and losses three dollars for getting no points, what are the expected winnings or losses on each roll? Part II: Based on your work in Part I, discuss the following: Describe the sample space when rolling two dice once. How can identifying all the elements of the sample space help you answer the questions in Part I? Determine if “rolling two different numbers different than six” or “rolling exactly one six” are mutually exclusive events. Justify your answer. Explain how this information can help you answer question one, Part I. Describe the relationship between odds and probability. Explain how you can use the result in question three, Part I to find the odds of getting a Bunco in a single roll. What does the result found in question four, Part I imply about these events? Explain how you have used the answers to questions one and two, Part I to get the answer to question three, Part I. Interpret the answer to question five, Part I. Discuss the advantages of understanding probabilities when playing dice games. Think of another scenario where probabilities can be used. Discuss the advantages of using probabilities in the context of the scenario you created.