1. B&G Inc. has an average accounts receivable collection period of 48 days and a daily average accounts receivable balance of $34861.
What is B&G’s receivables turnover?
2. Define risk management in the context of the five-step risk management process. Why is it so important to manage risk?
3. Find the duration of a bond with settlement date June 6, 2016, and maturity date December 5, 2025. The coupon rate of the bond is 9%, and the bond pays coupons semiannually. The bond is selling at a yield to maturity of 10%. (Do not round intermediate calculations. Round your answers to 4 decimal places.)
Macaulay duration
Modified duration