1. You want to make an investment that will yield a lump sum of $54,086 in 3 years. you will invest at a nominal rate of 6%. how much do you need to invest today to reach the above future value?
2. A $1,000 par value bond matures in 10 years, pays interest semiannually, and has a yield-to-maturity of 7.2 percent. Each semiannual coupon payment is $60. What is the current market price? Round your answer to the nearest cent.
3. To what extent can firms set their own credit policies as opposed to accepting policies that are dictated by their competitors?