1. How important were domestic political institutionsin shaping the outcomes (the tariff or trade policy)?
2. What is the value of a 20 year, 12% semiannual coupon bond with a par value of $1,000 if its required rate of return is 8%.
3. While NPV and IRR are measures of return of a project/investment. Payback is a measure of risk. Explain what payback tells about a project/investment and how is it calculated.