1. A bond of face amount $100 is purchased at $136 to yield 7%. The amount of amortization of principal in the 5th coupon is $1.00. What is the term of the bond? Assume semi-annual coupons.
2. For this week’s reflection, please write three complete and well-composed paragraphs (in your own words) in which you use, as an example, a company that operates where you live. Describe what business it is in and some of the costs the company incurs. This is very similar to last week’s Learning Journal assignment.