EXTRA CREDIT $-$ BONDS:

You have just bought a bond. In words $($no formulas or equations$),$ describe the cash flows you will receive. Then describe $($again in words only$)$ how to calculate the present value of the bond after it has been issued. $(2$ pts$)$

EXTRA CREDIT $$ EQUITY:

The federal reserve may need to raise interest rates soon. Which companies stock value is likely to drop the most $$ a slow and steady cash rich business, or a high growth business with tremendous upside? Describe in finance terms that we've learned why the stock value will be affected so much

$(2$ pts$)$