The bond has face value of $1000 due next year and a promised coupon rate of 4% (paid annually). If the company's project is successful, the bond will pay the promised cash flows next year. If the project is unsuccessful, the firm will liquidate some assets and will be able to pay 86 cents on a dollar of face value on each bond, which is $860. Assume the appropriate discount rate for such bonds is 3% and the probability of project success is 50%. Required:
a. What is the expected cash flow of the bond next year?
b. What is the current price of the bond?
c. What is the yield to maturity on the bond?
d. What is the expected return on the bond?

rural residential development company and suburban real estate corporation form a joint stock company. the longest duration a joint stock company can be formed for is

Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?

In order to be thoughtful about the implementation of security policies and controls, leaders must balance the need to reduce with the impact to the business operations. doing so could mean phasing security controls in over time or be as simple as aligning security implementation with the business’s training events.