Given a linear demand curve, at which combination of price and marginal revenue (P, MR) is the price elasticity of demand greater than 1? Multiple Choice
P = 6, MR = -12
P = 20, MR = 12
P = 10, MR = -4
P = 13, MR =0

Jallouk corporation has two different bonds currently outstanding. bond m has a face value of $50,000 and matures in 20 years. the bond makes no payments for the first six years, then pays $2,100 every six months over the subsequent eight years, and finally pays $2,400 every six months over the last six years. bond n also has a face value of $50,000 and a maturity of 20 years; it makes no coupon payments over the life of the bond. the required return on both these bonds is 10 percent compounded semiannually. what is the current price of bond m and bond n?