1. Discuss the pros and cons of using classical immunization.
2. A $100 par value 10-year bond provides coupons at 5% convertible semiannually. The yield rate is 4% convertible semiannually. What is the flat price 8.4 years after issue at the same yield rate (assuming compound interest)?
3. Proceed with an online search and identify the most common pairs of countries in which firms cross-list? What are do Australian firms mostly cross-list? Why?
4. Why do public utilities generally use different capital structures than biotechnology companies?