1. Discuss briefly the pros and cons of filing and applying for a patent Discuss briefly the pros and cons of filing and applying for a patent.
2. You buy a 20 million dollar bond for 15 years with a coupon of 10% paid once a year. The coupon payments are deposited in a risk-free cash account with 8% per year. What is the amount accumulated after 15 years?
3. The one-, two-, and three-year LIBOR rates are 10%, 11%, and 12% with continuous compounding, respectively. What would be your estimate of the three-year swap rate with payments being exchanged annually?