1. A firm purchased equipment three years ago for $22,506. Accumulated depreciation is $14,516, and the firm's tax rate is 28%. If the equipment is sold today for $17,228, how much net cash flow would be generated? Round your answer to the nearest whole dollar.
2. A 10-year $5,000 par value bond bearing a 7% coupon rate payable semi-annually is selling at par value. If prevailing market rates of interest suddenly go to 9% convertible semiannually, find the percentage change in the price of the bond.
3. Rosita purchased a bond for $989 that had a 7% coupon and semiannual interest payments. The bonds yield to maturity (APR) was 9.6% and constant all the time. What is the bonds expected maturity.