1. Describe the critical factor in evaluating whether a performance obligation is satisfied.
2. How do you analyze a bank's profitability (ROA & ROE and others) over the 2013-2015 periods relative to a peer group?
3. Grohl Co. issued 17-year bonds a year ago at a coupon rate of 9 percent. The bonds make semiannual payments. If the YTM on these bonds is 10 percent, what is the current bond price?