1. Krystal Magee invested $150,000 17 months ago. Currently the investment is worth $180,000. Krystal knows that the investment paid interest monthly, but she does not know what yield on her investment. What is Krystal’s annual percentage return (APR) and EAR?
2. Write a one-page essay on the term structure of fixed income securities.
3. Thornton Universal Sales' cost of goods sold (COGS) average $2,000,000 per month, and it keeps inventory equal to 50% of its monthly COGS on hand at all times. Using a 365-day year, what is its inventory conversion period?