10) austin power co. bonds have a 14% annual coupon rate. interest is paid semi-annually. the bonds have a par value of $1,000 and will mature 10 years from now. if the (annual) required rate of return is 12%, what is the price of the austin power bonds? [hint: you need to convert your coupon rate, your number of periods, n, and your req. rate of ret. to a semi-annual basis.]

One of the growers is excited by this advancement because now he can sell more crops, which he believes will increase revenue in this market. as an economics student, you can use elasticities to determine whether this change in price will lead to an increase or decrease in total revenue in this market. using the midpoint method, the price elasticity of demand for soybeans between the prices of $5 and $4 per bushel is , which means demand is between these two points. therefore, you would tell the grower that his claim is because total revenue will as a result of the technological advancement.