On Jan 1, 2013, Mary borrows $450,000 that she intends to repay 5 years later. Using full immunization strategy, she has constructed a portfolio of assets using 6 year and n year zero-coupon-bonds. Assuming an annual effective market interest rate of 5%, the par value for the 6 year zero coupon bond is $402,028.69. Required:
Determine the estimate for the price of the bond at 9.00%.

As a result of a labeling mistake at the chemical factory, a farmer accidentally sprays weedkiller rather than fertilizer on half her land. as a result, she loses half of her productive farmland. if the property of diminishing returns applies to all factors of production, she should expect to seea. a decrease in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. b. an increase in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. c. an increase in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor. d. a decrease in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor.