1. What must be the price of a $10,000 bond with a 8% coupon rate, semiannual coupons, and two years if it has a yield to maturity of 8% APR? PLEASE SHOW WORK
a) 10,754.44
b) 10,619.63
c) 10,000
d) 9727.76
2. What best describes operating profit margin?
a. earnings before interest and tax in relation to sales
b. cost of goods sold in relation to sales
c. net profit margin in relation to sales
d. the impact of depreciation on taxes paid