1. Why might bonds focus on 52-week ranges while bond quotes focus on yields?
2. You are given the following information for Sookie’s Cookies Co.: sales = $52,200; costs = $38,600; addition to retained earnings = $2,420; dividends paid = $985; interest expense = $1,460; tax rate = 40 percent. Calculate the depreciation expense.
3. Marco Chip, Inc. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 9 years and a yield to maturity of 7.01 percent, compounded semi-annually. What is the current price of the bond?
Please show the work as you'd enter it into excel/what formula is used/etc.