1. Company x issues 15 year bonds two years ago at a coupon rate of 6.9%. the bonds make semiannual payments. the bonds sell for 94% of par value. What is the yield to maturity?
2. Besides NPV and IRR what other capital budgeting techniques are utilized by businesses and what are their weaknesses?
3. When financial institutions, such as banks or credit unions, advertise the rates on their loans, they often report APR. If you wanted to compare the interest rates on loans from different financial institutions, should you compare the APRS? Explain.