1. Discuss the three different ways a financial manager can choose a benchmark. Provide an example for each.
2. As the value of US current account deficit increases, what is likely to happen to the value of US dollar? Explain.
3. What is the accrued interest per $100 (5 decimal places) of the T 1.35% note maturing May 15, 2014 and settling on September 24, 2012 with a yield of .50%?
4. What's the current yield of a 5.50 percent coupon corporate bond quoted at a price of 97.08? (Round your answer to 2 decimal places.)