1. A few years ago, Spider Web, Inc. issued bonds with a 12.26 percent annual coupon rate, paid semiannually. The bonds have a par value of $1,000, a current price of $700, and will mature in 12 years. What would the annual yield to maturity be on the bond if you purchased the bond today?
2. How can finance be used as a strategic tool to make better decisions in business?
3. How much money would you have to deposit today in order to have $6,000 in three years if the discount rate is 6 percent per year?