If the YTM on a 2 year zero coupon bond that starts today is 5% and the YTM on a 1 year zero coupon bond that starts today is 3%. What does the no-arbitrage condition tell you about the interest rate on a one year bond that starts next year?

Depasquale corporation is working on its direct labor budget for the next two months. each unit of output requires 0.61 direct labor-hours. the direct labor rate is $8.70 per direct labor-hour. the production budget calls for producing 6,700 units in may and 7,100 units in june. if the direct labor work force is fully adjusted to the total direct labor-hours needed each month, what would be the total combined direct labor cost for the two months?