1. What is the closest market price of a 10% p.a. quarterly coupon bond with a face value of $1,000, four years to go until maturity when the current market yield is 7% p.a.?
2. What is the differenence between these two formula (can you give me an example or question for using both formula) and what is standard cash flow?
3. What is the payback period if the initial investment is $70,000 and the net cash-flows are: Year 1 $25,000 Year 2 $20,000 Year 3 $22,000 Year 4 $10,000 Year 5 $ 5,000.