1. What is the illiquidity of Wingstop if valuating it as a private company?
2. Describe future value annuity and future value of an annuity.
3. A Treasury bond with 9 years remaining pays interest of $34.50 every six months. The current yield on the bond is 7.77%. Determine the yield to maturity. Enter the yield as a decimal. For instance, if your answer is 13.12%, enter 0.1312.