1. Give specific examples of how a company uses TVM in the business environment. Your example can be either present value or future value application. It is not necessary to provide sources for your research.
2. Suppose that the expectations theory is true and that you can buy a three-year bond with an interest rate of 6% or three consecutive one-year bonds with interest rates of 4%, 5%, and 6%. Which option would you choose to undertake?
3. Discuss the role of the financial planning association as the prime professional body in the financial planning profession.