1. Discuss the three different ways a financial manager can choose a benchmark. Provide an example for each.
2. The researchers at IAAI have forecast positive trends for both job creation and consumer confidence. Which, if either, of these trends should have a positive effect on stock prices?
3. The Treasury announces a 5-year note issue with a coupon rate of 1.625%. What is the semi-annual coupon payment using a $1,000 par value? Note: Enter your full response to 3 decimal places ; the market does not round.