1. What is the current yield of a $1000, 6 year, 7% annual bond with a YTM of 6.5%?
   • 7.17%

• • 6.50%

• • 7.00%

• • 6.83%

1. A representative from a financial institution contacts you to ask about a stock you own. She explains that the firms Board of Directors has allowed corporate executives to mismanage funds while collecting exorbitant salaries. She says she would like you to give her employer the right to vote on your behalf in the next board election. What activity is the financial institution involved in based on the information given?

• • greenmail

• • proxy fight

• • takeover bid

• • poison pill