1. Why is it that over the past several years employers have been moving from a defined benefit plan to a defined contribution plan?
2. Briefly discuss the most common mistakes managers make and how they affect economic profit.
3. A bond has a modified duration of 4.6 and a yield to maturity of 8.9%. What will the percentage change in the price of your bond be if the yield to maturity declines by one-quarter of a percent?