1. Selct one of the four special characteristics of services (Intangibility, Inseparability, Perishability, and Variability) and describe it. In terms of this characteristic, how do the services offered by a doctor’s office differ from those offered by a bank?
2. Cleveland Train stock increased from $20 a share to $27 a share. Based on phi, what are the primary and secondary support areas for this stock?
3. Ford Motor Co. has BB rated bonds outstanding that mature in 30 years, and have a 7.250% coupon rate. Coupon payments are made semi-annually. If the appropriate required rate of return for this bond is 8.25, what is the value of the bond?