1. What are the advantages and disadvantages of interstate banking?
2. What has been the likely effect of the Gramm-Leach-Bliley Act on financial consolidation?
3. Which of the following riskminus ?free, zerominus coupon bonds could be bought for the lowest? price?
A. one with a face value of? $1,000, a YTM of? 6.8%, and 10 years to maturity
B. one with a face value of? $1,000, a YTM of? 5.9%, and 20 years to maturity
C. one with a face value of? $1,000, a YTM of? 4.8%, and 5 years to maturity
D. one with a face value of? $1,000, a YTM of? 3.2%, and 8 years to maturity