As of 12/31/03, an insurance company has a known obligation to pay $1,000,000 on 12/31/2007. To fund this liability, the company immediately purchases 4-year 5% annual

coupon bonds totaling $822,703 of par value. The company anticipates reinvestment interest

rates to remain constant at 5% through 12/31/07. The maturity value of the bond equals

the par value. Under the following reinvestment interest rate movement scenarios effective

1/1/2004, what best describes the insurance companys profit or (loss) as of 12/31/2007 after

the liability is paid?

(a) Interest rates drop by 1/2%

(b) Interest rates increase by 1/2%

What cylinder head operation is the technician performing in this figure?

1. the political environment in india has proven to be critical to company performance for both pepsico and coca-cola india. what specific aspects of the political environment have played key roles? could these effects have been anticipated prior to market entry? if not, could developments in the political arena have been handled better by each company? 2. timing of entry into the indian market brought different results for pepsico and coca-cola india. what benefits or disadvantages accrued as a result of earlier or later market entry? 3. the indian market is enormous in terms of population and geography. how have the two companies responded to the sheer scale of operations in india in terms of product policies, promotional activities, pricing policies, and distribution arrangements? 4. “global localization” (glocalization) is a policy that both companies have implemented successfully. give examples for each company from the case.

If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?