Calculate the price of a zero coupon bond that matures in 16 years if the market interest rate is 3.6 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
You want a seat on the board of directors of Red Cow, Inc. The company has 310000 shares of stock outstanding and the stock sells for 55 per share. There are currently 3 seats up for election. The company uses straight voting. How much will it cost you to guarantee that you will be elected to the board?