1. In general, does a firm want to speed up or slow down collections of payments made by its customers? why? how does the same firm want to manage its disbursements? Why?
2. What is IMC and how does if benefit a marketing effort?
3. A bond issued by PDQ has a par value of $1,000 and an annual coupon rate of 8% with the interest being paid semiannually. The bond will mature in 10 years. (1) What are the bond prices if investors' required rate of return on the bonds is 7%, 8%, and 9%, respectively?