1. Which of the following capital budgeting techniques might not consider the terminal value of a project? a. Profitability Index b. Payback Period c. Internal Rate of Return d. Net Present Value
2. A 6.50 percent coupon with 18 years left to maturity is offered for sale at $1,035.25. What yield to maturity is offered for sale at $1,035.25. What yield to maturity (interest rate) is the bond offering?” Assume interest payments are paid semi-annually, and solve using semi-annual compounding.