1. Can a firm continue to operate for extended periods of time with negative cash flows from investing? Cash flows from financing? Cash flows from operations? Why or why not?
2. Explain 2 forms of consumer oriented promotions that you have utilized.
3. Grohl Co. issued 12-year bonds a year ago at a coupon rate of 7 percent. The bonds make semiannual payments. If the YTM on these bonds is 11 percent, what is the current bond price?