1. What are the three (3) variables that drive the valuation of a company? Explain the impact of each variable on company valuation. How would you negotiate with a buyer on each of the three (variables) to increase the valuation of your company (and be specific for each variable using examples
2. What is the Macaulay duration of the following bond: 4 year, annual bond, 6% coupon, 8% market interest rate? Do not round your answer until the final step.