1. Why is the negotiation process critical to purchasing transportation services?
2. You are considering a 20-year, $1,000 par value bond. Its coupon rate is 9%, and interest is paid semiannually. If you require an "effective" annual interest rate (not a nominal rate) of 9.52%, how much should you be willing to pay for the bond? Do not round intermediate steps. Round your answer to the nearest cent.?
3. Nina must decide whether to spend or save these funds, and how. She should consider various alternatives for both short-term and long-term financial decisions.