Summer Internship Interview Questions

61,150 summer internship interview questions shared by candidates

Assume a company has 500K of senior debt trading at 50%, and 250K of sub debt trading at 20%. Therefore, the market value of each is 250K and 40K, respectively. According to BIWS, this also means that creditors expect to recover 50% of the senior debt and 20% of the sub debt. Why is that so?
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Investment Banking Summer Analyst

Interviewed at Greenhill & Co.

4.2
Jan 9, 2021

Assume a company has 500K of senior debt trading at 50%, and 250K of sub debt trading at 20%. Therefore, the market value of each is 250K and 40K, respectively. According to BIWS, this also means that creditors expect to recover 50% of the senior debt and 20% of the sub debt. Why is that so?

A revolver has 6 slots, and 2 bullets are inserted adjacent to each other. You're playing a game where you take turns shooting the revolver, and you want to not shoot the bullet. Your opponent pulls the trigger but no bullet comes out. Do you re-roll the revolver, or shoot as is?
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Summer Analyst

Interviewed at JPMorganChase

3.9
Jul 27, 2018

A revolver has 6 slots, and 2 bullets are inserted adjacent to each other. You're playing a game where you take turns shooting the revolver, and you want to not shoot the bullet. Your opponent pulls the trigger but no bullet comes out. Do you re-roll the revolver, or shoot as is?

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