1. What is operational risk, how can it affect a bank and how can it be mitigated?
2. You are considering investing in Nuran Security Services. You have been able to locate the following information on the firm: total assets are $26.40 million, accounts receivable are $4.20 million, ACP is 25 days, net income is $4.40 million, and debt-to-equity is 1.20 times. Calculate the ROE for the firm
3. A bond has eight years to maturity and a coupon rate of 6.5 percent. Coupon payments are made annually and the bond has a face value of $1,000. This bond is currently selling in the market for $862. What is the yield-to-maturity on this bond?