Equity Analyst Interview Questions

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You have 25 horses and a race track with 5 lanes. You wish to determine the 1st, 2nd, and 3rd place horses overall. Using only the comparative finishes in any given race, what is the least number of races you can have the horses run to make this determination.
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Institutional Equity Derivative Intern

Interviewed at Morgan Stanley

3.9
Apr 14, 2017

You have 25 horses and a race track with 5 lanes. You wish to determine the 1st, 2nd, and 3rd place horses overall. Using only the comparative finishes in any given race, what is the least number of races you can have the horses run to make this determination.

What was the standard deviation of net working capital over the past five years for LMT according to your model? (I had prepared a DCF of LMT in anticipation of their upcoming earnings which was the main topic of our conversation)
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Equity Research Analyst

Interviewed at Morgan Stanley

3.9
Mar 20, 2023

What was the standard deviation of net working capital over the past five years for LMT according to your model? (I had prepared a DCF of LMT in anticipation of their upcoming earnings which was the main topic of our conversation)

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