1. Company B issues 6% interest, $1000 maturity bonds, that are due in 15 years. If the coupon rate is 7% paid annually. What is the current price of this bond?
2. What is the yield on a zero coupon bond, that matures in 7 years, if it is currently selling for $675.00 and at maturity you will receive $1,000?
3. Business control. How does ownership alter the control of a business organization? Is the control of a private firm that different from a publicly traded company?