Rick bought a 30-year bond when it was issued by Macroflex Corporation 8 years ago. The bond has a $1,000 face value and a coupon rate equal to 5 percent and the coupon is paid every six months. If the yield on similar-risk investments is 6 percent, a. What is the current market value (price) of the bond? b. Suppose interest rate levels rise to the point where such bonds now yield 8 percent. What would be the price of Macroflex bond? c. At what price would Macroflex bonds sell if the yield on them was 4 percent? d. What do you observe regarding the relationship between interest rate (YTM) bond’s price? e. What do you observe regarding the relationship between coupon, YTM and the bond’s price?

James jones is the owner of a small retail business operated as a sole proprietorship. during 2017, his business recorded the following items of income and expense: revenue from inventory sales $ 147,000 cost of goods sold 33,500 business license tax 2,400 rent on retail space 42,000 supplies 15,000 wages paid to employees 22,000 payroll taxes 1,700 utilities 3,600 compute taxable income attributable to the sole proprietorship by completing schedule c to be included in james’s 2017 form 1040. compute self-employment tax payable on the earnings of james’s sole proprietorship by completing a 2017 schedule se, form 1040. assume your answers to parts a and b are the same for 2018. further assume that james's business is not a service business, and that it has $155,000 unadjusted basis in tangible depreciable property. calculate james's 2018 section 199a deduction.