1. Nungesser Corporations outstanding bond have a $1,000 par value is 9% semiannual coupon,8 years to maturity and an 8.5% YTM. What is the bonds price?
2. Which of the following is NOT an advantage of a sole proprietorship? Single taxation Ease of setup Limited liability No separation of ownership and control.
3. What are two ways that firms can distribute cash to shareholders? As a shareholder, which would you prefer and why?