Q1- Presented below are annual coupon rates, yield rates, and expected duration for a series of debentures.

Calculate the issuance price for each debenture assuming that the face value of each bond is $1,000 and that interest is paid semiannually.

Bond	Coupon Rate		Yield Rate		Duration
A	9.0	%	6.0	%	10	years
B	8.0	%	8.0	%	15	years
C	7.0	%	6.0	%	8	years
D	0.0	%	8.0	%	5	years
E	5.0	%	10.0	%	10	years

Use excel or a financial calculator to compute the present value. Round your answer to the nearest dollar.

Q2- The following information is taken from the annual report of Coca-Cola Enterprises, Inc.:

(amounts in millions)	Year 2	Year 1
Net revenue	$18,706	$18,158
Cost of goods sold	11,185	10,771
Inventories	786	763
Accounts payable	2,639	2,708

Using this information, calculate the accounts payable turnover ratio and the days payable period for Year 1 and Year 2.

Do not round until your final answer. Round all answers to nearest one decimal place.

	Year 2	Year 1
Accounts payable turnover	Answer	Answer
Days' payable period	Answer	Answer

Is Coca-Cola Enterprises taking longer to pay its accounts payable to its suppliers

AnswerNo, it is paying its current trade obligations more quickly.Yes, it is paying its current trade obligations more slowly.

Do the ratios indicate that the companys credit risk is increasing?

AnswerThe companys credit risk is decreasing.The companys credit risk is increasing.