1. Find the corporate yield spread if the 8-year Treasury rate is 3% and the 8-year corporate bond rate is 8%.
2. Currently the typical customer purchases four items at an average price of $11.96 and for an average transaction size of $47.84. The cost of goods is 60 percent of sales, which yields a gross margin of 40 percent.
3. Explain the requirements for the formation of a suretyship relationship.