Under what circumstances would it be appropriate for a firm


1. What is the duration of a two-year bond that pays an annual coupon of 5%, returns the face value, and has a current yield to maturity of 4.5%. Use $1000 as the face value.

2. Under what circumstances would it be appropriate for a firm to use different costs of capital for its different operating divisions?

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Financial Management: Under what circumstances would it be appropriate for a firm
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