1. Calculate the value of a bond that is expected to mature in 13 years with a $1000 face value. The interest coupon rate is 8% and the required rate of return is 10%. Interest is paid annually.
2. Take a position on the pros and cons of e-Courts and e-Dispute resolution. Discuss whether or not you would prefer this method of settling your court case and state why. Determine what types of cases are best suited for e-Courts.
3. Last year, you purchased a 5 year bond, pays semiannually, and has a coupon rate of 6%. If the yield in the market is currently 5%, calculate the price of the bond today.