1. Evaluate the challenges that for-profit public companies face from recurrent scandals, political attacks and alternative corporate structures such as the B-corp.
2. Ngata Corp. issued 20-year bonds 2 years ago at a coupon rate of 9.9 percent. The bonds make semiannual payments. If these bonds currently sell for 96 percent of par value, what is the YTM?
3. Staind, Inc., has 7 percent coupon bonds on the market that have 8 years left to maturity. The bonds make annual payments. If the YTM on these bonds is 9 percent, what is the current bond price?