1. A bond pays annual interest. Its coupon rate is 7%. Its value at maturity is $1,000. It matures in three years. Its yield to maturity is presently 8%. The duration of this bond is ______?
2. Define and compare three major sources of short-term financing for a firm?
3. An investment project provides cash inflows of $735 per year for eight years. What is the project's payback period if the initial cost is $$3,300?
4. Cash flow from operating activities is increased by:
depreciation
an increase in accounts receivable
an increase in inventory
a decrease in accounts payable
all of the above