1. Severn Company’s bond has four years remaining to maturity. Interest is paid semiannually, the bonds have a $1,000 par value, and the coupon interest rate is 9 percent. Compute the yield to maturity for the bonds if the current market price is (a) $851 and (b) $1,105.
2. Describe which business concept you have learned about from the book you feel is the most important to YOU as you move on in your career/school/life. At a minimum the paper should contain: Define the concept. Describe how it applies to you. Describe how you will use it.