1. Merck issued bonds with a maturity of 14 years merck issued those bonds one year ago the bonds carried a coupon interest rate of 6.90% the bonds make semi annual interest payments the yield to maturity on the bonds is 5.20% what is the current bond price?
2. What is the nature of investment policy and how does it affect the value of the firm.
3. Discuss how effective the Federal Open Market Committee has been using open market operations to achieve price stability and low levels of unemployment.