1. A company issues a ten-year $1000 face value bond at par with a coupon rate of 6.1% paid semiannually. the YTM at the beginning of the third year of the bond (8 years left to maturity) is 8.1%. what is the new price of the bond?
2. Pharrel inc has sales of 270000, depreciation expense of 69500 and interest expense of 36500 and tax rate of 40 percent. what is the net income for this firm?