1. What would you pay for a bond that pays an annual coupon of $70, paid semiannually, par value, matures in 6 years, and has a yield to maturity of 8%?
2. Should we strictly have to rely on logic when calculating cost/benefit analysis? Explain why or why not?
3. Discuss 3 pros/advantages of having an independent banking commission inquiry like the royal banking commission australia? (400 words)