1. Calculate the price of a zero coupon bond that matures in 20 years if the market interest rate is 4.5 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.)
2. Explain why Canadian banks overseas engaged in sovereign loans faced problem and how to deal with them
3. Braam Fire Prevention Corp. has a profit margin of 9.70 percent, total asset turnover of 1.45, and ROE of 18.72 percent. What is its firm's debt-equity ratio?