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1. company x is issuing bonds. they plan to issue 10,000 $1000 par, 7% bonds that pay semi-annual for 5 years. If the price per
1. company x is issuing bonds. they plan to issue 10,000 $1000 par, 7% bonds that pay semi-annual for 5 years. If the price per bond is $1020, what is the market annual rate-of- return?(percentage, 2 decimals,)
2.assume you will make $40,000/year with a high school dipolma. you will make$70,000/year with accounting degree. Assume you work for 40 years and earn 8%. How much is that accounting degree worth?(hint: compare PVs)
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