1. Provide two (2) examples of companies that have been guilty of ethics-based malfeasance related to financial management and determine why their comeuppance was deserved.
2. A bond pays coupons semiannually. The annual coupon rate of the bond is 8% and it has a maturity of 5 years. The annual yield to maturity of the bond is 8%. What is the price value of a basis point for the bond?
3. If you deposit money today in an account that pays 3% annual interest, how long will it take to double your money? Round your answer to two decimal places. years.