Explain the following.
Homework for Chapter 10: Problem # 1 in the text (Chapter 10) NOTE: PLEASE USE THE ATTACHED EXCEL FILE TITLED "Homework for Chapter 10_Excel" TO SOLVE THE FOLLOWING PROBLEM. You are considering the following bonds to include in your portfolio: Bond 1 Bond 2 Bond 3 Price $900.00 $1,100.00 $1,000.00 Face Value $1,000.00 $1,000.00 $1,000.00 Coupon Rate 7.00% 10.00% 9.00% Frequency 2 4 Maturity (Years) 15 20 30 Required Return 9.00% 8.00% 9.00% a) Determine the highest price you would be willing to pay for each of these bonds using the PV function. Also find whether the bond is undervalued, overvalued, or fairly valued (25 points). b) Determine the yield to maturity on these bonds using the RATE function assuming that you purchase them at the given price. Also calculate the current yield of each bond (25 points). c) Determine the yield to call of each bond using the RATE function if the time to first call and the call premium are the following (25 points): Bond A Bond B Bond C Call Premium % 3.00% 4.00% 5.00% Years to first call 5 4 3 d) Assume the following settlement dates for each bond: Bond 1 Bond 2 Bond 3 Settlement Date 1/1/2018 6/1/2018 9/1/2018 Use the PRICE and YIELD functions to recalculate your answers on parts (a), (b), and (c) (25 points).46. Describe the role and functions of a federal administrative agency 47. General procedures to be used in administrative agencies are set forth in the Act. 48. Administrative agencies are created by 49. The enforcement function performed by administrative agencies checks an industry's compliance with enacted by the agency- 50. Agencies may subpoena witnesses and obtain documents from a regulated company if 51. A company may refuse to comply with an agency request for records based on its Fifth Amendment right to avoid self-incriminatingue or False? 52. What is judicial review of a decision issued by an administrative law judge (AL]? 53. One of the grounds that can be raised to challenge an AL's decision is 54. The public may obtain access to agency information by filing a request under the Act. 95. Criminal law is different from lawsuits between private parties in that 56. Businesses must protect themselves from crimes "from the inside" such as 57. The two elements of a crime are actus reus and 58. Penalties for the commission of a crime may include 59. If a defendant does not testify, the prosecution may argue to the jury that this shows he is guilty. True or False? 60, A nonviolent crime such as fraud does not have a victim, True or False? 61. If a trial ends in a mistrial because the jury could not reach a unan defendant may not be tried again under the Double Jeopardy clause. True or False? 62. The constitutional right to compel the attendance of witnesses in a criminal trial is satisfied by a court's bsuance of63. The process that is due a criminal defendant prior to imposition of a jail sentence includes (Circle all that apply) a. Appointment of a public defender if defendant cannot afford an attorney b. An impartial jury c. Discovery of all information collected by the prosecutor in the case d. A speedy and public trial 64. A defendant may challenge the admissibility of evidence without claiming it is untrue under the constitutional provision known as a. Right to indictment by a grand jury b. Double jeopardy C. Right to a warrant before a search and seizure d. Right to confront witnesses 65. One of the exceptions to the obligation for police to obtain a warrant before a search is 66. A police officer may "stop and frisk" a person who is lawfully stopped for questioning because 67. A person who is not free to leave the presence of a police officer must be read his rights before he can be questioned about a possible crime, or his answers are not admissible in court. 68. A person who has lawful possession of the property of another may be charged with If she converts the property to her own use. 69. Describe one type of crime which may be charged under the Racketeer Influenced and Corrupt Organizations Act (RICO) 70. RICO's civil provision permits a competitor to obtain damages. 71. What is a tort? 72. List the elements a plaintiff would have to prove to win a tort claim based on an act believed to be intentional. 72. In the tort of intentional infliction of emotional distress, what is the standard used to determine whether an act is outrageous
