1. Does market experience eliminate anomalies?
2. What is the the general purpose for developing an "elevator brief". What are the aspects of a company should be addressed in an "elevator brief".
3. A coupon bond that pays interest semi-annually has a par value of $1,000, matures in 5 years, and has a yield to maturity of 10%. The equilibrium price of the bond today will be __________ if the coupon rate is 8%.?