Question 1

correct answers only

otherwise, ill reported

In relation to procurement highlight three content of an invitation letter

2. The copyright law is meant to protect the literal works. Outline six literal work that could be protected by the copyright in your country.

3. With reference to property law explain the term servitudes and state the three characteristics of the easements.

4. Ann and murage intend to enter into a lease agreement regarding the business premises. Explain Ann and Murage content of the standard lease agreement

5. State and explain the conditions that an inventor must fulfill before being registered as a patent.

Question 20

1. Jackson Corporation's bonds have 10 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 9%. The bonds have a yield to maturity of 10%. What is the current market price of these bonds?

2. Renfro Rentals has issued bonds that have a 10% coupon rate, payable semiannually. The bonds mature in 10 years, have a face value of $1,000, and a yield to maturity of 9%. What is the price of the bonds?

3. Wilson Wonders's bonds have 10 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 10%. The bonds sell at a price of $900. What is their yield to maturity?

4. Heath Foods's bonds have 10 years remaining to maturity. The bonds have a face value of $1,000 and a yield to maturity of 9%. They pay interest annually and have a 10% coupon rate. What is their current yield?

5. Suppose Hillard Manufacturing sold an issue of bonds with a 12-year maturity, a $1,000 par value, a 10% coupon rate, and semiannual interest payments.

1. Two years after the bonds were issued, the going rate of interest on bonds such as these fell to 5%. At what price would the bonds sell?
2. Suppose that 2 years after the initial offering, the going interest rate had risen to 11%. At what price would the bonds sell?
3. Suppose that 2 years after the issue date (as in part a) interest rates fell to 5%. Suppose further that the interest rate remained at 5% for the next 10 years. What would happen to the price of the bonds over time?