1. You buy a bond just after the penultimate yearly coupon has been paid. It has a par value of USD 10,000 but you bought it with a discount of 10%. It has one year to go and the coupon at 6% is received at maturity. What yield has this given you? (to nearest whole percent).
2. What are the similarities and differences between the 500 series Consensus DOCS and the AIA 121/CMc version in terms of how the risks of time and cost are allocated?
3. Downey textile is evaluating a capital budgeting project that will cost $10 million today.