1. Payroll. Your employer is considering adding a group term life insurance plan to the employee benefit package. The premium cost would be fully paid by the organization. Explain how this will impact: 1. the employees' net pay, 2. thew employer's payroll costs.
2. Can you explain how Silicon Valley evolved post-war into a high-tech mecca and the largest cluster of VC firms in the 1970s?
3. Heath Foods' bonds have 5 years remaining to maturity. The bonds have a face value of $1,000 and a yield to maturity of 8%. They pay interest annually and have a 7% coupon rate. What is their current yield? Round your answer to two decimal places.