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The magnet offers courses in Accounting, Economics, Banking, Financial Planning, Intro to Finance, Computers Business Applications 1&2. During their senior year, students have an opportunity to take a paid internship co-op program [4] at Merrill Lynch, Hyatt, Pershing, Bank of Tokyo, or the Board of Education. [citation needed]
Additionally, it may provide up to an $8000 scholarship and an internship with a local company (for example Parker Hannifin, Broadcom, Allergan, Merrill Lynch). Another professional preparation program (for students interested in pursuing a career in law) is the UCI Law Forum.
The company was founded on January 6, 1914, when Charles E. Merrill opened Charles E. Merrill & Co. for business at 7 Wall Street in New York City. [11] A few months later, Merrill's friend, Edmund C. Lynch, joined him, and in 1915 the name was officially changed to Merrill, Lynch & Co. [12] At that time, the firm's name included a comma between Merrill and Lynch, which was dropped in 1938. [13]
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Later that day, Merrill Lynch was sold to Bank of America for 0.8595 share of Bank of America common stock for each Merrill Lynch common share, or about $50 billion or $29 per share. [ 50 ] [ 51 ] This price represented a 70.1% premium over the September 12 closing price or a 38% premium over Merrill's book value of $21 a share, [ 52 ] but also ...