Must document any information used from sources in apa style as

 

Prior to beginning work on the Final Paper, read Steven Strauss’ article, The Connection Between Education, Income Inequality, and Unemployment (Links to an external site.). In your Final Paper, you should address the following based on the information presented in the article and other research:

  • Describe how a country can measure its income inequality.
  • Evaluate the effect of income inequality on the U.S. economy, such as unemployment, economic growth, and other economic factors.
  • Estimate the gap between those who hold bachelor’s and higher (master or doctoral) degrees and those who do not.
  • Explain reasons why the inequality gap between educated and less-educated workers has been widening.
  • Evaluate whether increasing opportunities for higher education can reduce income inequality.
  • Analyze what else causes U.S. income inequality to widen.
  • Recommend how to reduce educationally based income inequality or other factors if you were a federal policy maker.

The Education and Income Inequality Final Paper

Carefully review the Grading Rubric (Links to an external site.) for the criteria that will be used to evaluate your assignment.

Recommend strategies to address these external factors and limit

 

In a 2-page executive summary, do the following:

  • Identify and evaluate the impact of external environmental factors on the strategic planning of the organization in the scenario.
  • Recommend strategies to address these external factors and limit their influence on organizational operations.

Scenario: A small independent hospital in rural Georgia is seeking to attain Magnet Status. This designation demonstrates to stakeholders that the organization is committed to delivering high-quality patient care. With this designation, the organization can easily attract and retain a highly-engaged clinical staff. Moreover, it provides the organization an opportunity to market itself to potential patients as the place to receive top-quality care. This means that the organization could realize a greater market share of insured and private pay patients traveling as far as 100 miles just to receive the quality services. It also positions the organization to enter into joint ventures with physician groups eager to provide new services, which would lead to increased revenue streams.

Although the designation sounds like a great opportunity for the organization, the board of directors is split on their support of this designation. The board members in support of the designation understand the great value that this program will bring to the facility; however, those in opposition learned from a research study that non-magnet hospitals had better infection control and less post-operative sepsis. They also learned from another study that working conditions in a magnet facility are not better than those in non-magnet facilities. Therefore, the dissenting directors have concluded that the organization should not invest its time and resources to seek this credential. The CEO must get support from an overwhelming majority of the board to move forward with pursuing this designation.

Lab report on determination of percent khp and acid equivalent weight

  

DETERMINATION OF PERCENT KHP AND ACID EQUIVALENT WEIGHT 

Titration is a process of mixing measured volumes of reacting solutions in such a manner that one can determine when chemically equivalent amounts of reactants are mixed. One of the purposes of the titration process is to determine the concentration of a solute in a solution. Additionally, the titration process will be used in the analyses of soluble solid unknown acids. 

The equivalence point of a titration is the point at which stoichiometric amounts of reactants have been mixed. A method must be used to show when the equivalence point has been reached. In acid-base titrations, phenolphthalein is often used as an indicator. Phenolphthalein is an organic molecule that is colorless in acidic solution and pink to red in the presence of base. If the indicator is placed in an acidic solution it will be colorless. As base is added to this solution, a pink color develops as the neutralization (equivalence) point is passed. 

In this experiment each student will work alone and: 

a. prepare an approximately 0.1-M NaOH solution. 

b. standardize (precisely determine the molarity, ±0.0001 M) the NaOH using the pure solid monoprotic acid standard, potassium hydrogen phthalate (KHP). 

c. determine the percent by mass of KHP in an impure sample. 

d. determine the mass of a solid acid unknown that neutralizes one mole of hydroxide ion. 

e. prepare a formal write-up of the experiment. 

potassium hydrogen phthalate, (KHP) 

Note: You will need to prepare your own data tables for this experiment. These will be turned in as part of the formal lab report. These tables must be prepared before you come to lab to begin data collection. You need to make sure that all measurements made have a place in the data tables (i.e., initial buret reading, final buret reading, etc.)

PROCEDURE 

A. Preparation of an NaOH solution 

1. Thoroughly clean your large screw cap bottle. Also clean its cap. 

2. Review calculations for dilution and calculate the amount of 6-M NaOH needed to prepare 500 mL of approximately 0.1-M NaOH. 

3. Using the 6-M NaOH in the hood, measure out the calculated amount of NaOH (use a graduated cylinder) and place it in the clean screw cap bottle. 

4. Fill the bottle to the 500 mL line with distilled water (this is approximately 500 mL). 

5. Cap the bottle and mix well by inversion (at least 20 inversions). 

6. Put your name and/or locker number on the bottle of NaOH. 

7. For this experiment you will need to create your own data tables. Read through the procedure (Parts B, C, and D) and create data tables for recording your data in the days to follow. You must have places in your data tables for all data taken in the procedure. 

B. Standardization of NaOH solution 

Note: The NaOH you have prepared is approximately 0.1-M. You must determine the precise molarity of your NaOH to at least 4 significant figures (keeping only the number of significant figures allowed). 

1. Obtain and clean the buret assigned to your lab locker according to the signs posted in the lab. Rinse it 3 times with 2-3 mL of your NaOH solution prior to filling it. If you wish to use a beaker or funnel to help fill your burette you must clean them and then rinse them with your NaOH solution prior to their use. Clean a 250 mL Erlenmeyer flask (it does not have to be dry). 

2. Fill the burette with your NaOH solution, rinse solution through the burette tip to eliminate air bubbles, and note the initial burette reading to two decimal places. 

3. Obtain a capped vial of pure potassium hydrogen phthalate (KHP), standard. Label this vial and keep it capped when it is not in use. 

4. Calculate the mass of pure KHP (molar mass = 204.23 g mol-1) that will require about 20 – 25 mL of approximately 0.1-M sodium hydroxide solution for complete reaction. Remember that KHP is monoprotic. 

5. Do one trial. Take the vial of pure KHP, your clean flask, and the data sheet to the analytical balance room and measure KHP into the flask. Use the approximate mass (+/- 0.05 g) calculated in step 5 as a guide. Record the precise mass of KHP dispensed into the flask to the nearest 0.0001 g. 

6. Dissolve the KHP in the flask in about 50 mL of distilled water. 

7. Add 2 to 3 drops of phenolphthalein and titrate the flask to a consistent very, very faint pink end point. Record the final burette reading and calculate the total volume of NaOH used for the titration. The contents of the flask can now be discarded. (Save your KHP for additional trials.) 

Note: If your titration volume was at least 10.00 mL (4 significant figures) this titration can be included in your calculations. However, a larger titration volume (closer to 25 mL) will give better precision. On the other hand, an unnecessarily large titration volume (more than 25 mL) is time consuming. The volume of NaOH solution required is directly proportional to the mass of KHP titrated. If the volume for your first your titration was not between 20 and 25 mL, adjust the mass used for the rest of your trials. 

8. Clean three 250 mL Erlenmeyer flasks (they do not have to be dry) and label them #1, #2, and #3. 

9. Take the vial of KHP, your 3 flasks, and your data sheet to the analytical balance room and measure KHP into each of the 3 flasks using the first trial as a guide. Record the exact mass of KHP in each flask to the nearest 0.0001 g. 

Note: You should refill the buret for each titration. The NaOH solution remaining in your buret at the end of each lab session should be saved in a clean dry beaker and used for rinsing the buret at the next lab session. Never put unused solution back into your stock bottle. You risk contaminating your NaOH solution. 

10. Follow steps 7 and 8 for each of your flasks. 

11. Use the volume of NaOH solution and the mass of KHP in each flask to calculate the molarity of your NaOH. (You will need to average at least 3 values.) 

12. Determine and record the average molarity of your NaOH. This solution will be used to determine the values for your unknowns. Take good care of it!! 

13. Using at least three molarity values calculate your percent relative average deviation (see Appendix A at the end of this lab manual). Note: Percent relative average deviation is a measure of precision and at least 3 trials are required for the calculation to be meaningful. If your average deviation is less than 2%, it means that the data you have collected shows good precision and you have completed enough trials. If it is greater than 2%, then additional trials are needed. 

C. Determination of percent KHP in an impure sample 

1. Clean, rinse, and fill the buret with your NaOH as you have done for previous titrations. 

2. Obtain a clean, dry capped shell vial containing an impure KHP unknown. Record your unknown’s number and label the vial. Keep this vial in your locker until your graded lab report has been returned to you. 

Note: The shell vial of unknown contains enough sample for at least six trials. No additional unknown will be provided! Should an unknown be spilt, a different unknown will be obtained and you will start that unknown’s analysis from the beginning. 

3. Do one trial titration with the unknown using about twice as much mass as was used for pure KHP. Record the precise mass of unknown (±0.0001 g) and volume of NaOH used (±0.01 mL). (Titration procedure is exactly the same as that used previously.) 

4. You will need to do at least two more trials. If the total volume of NaOH used in your first titration was less than 20 mL use a little more unknown for your subsequent titrations. If your titration volume was greater than 25 mL use a little less unknown. (The mass of impure KHP and the volume of NaOH solution used in the titration are directly proportional). 

5. Calculate the percent by mass of KHP in your impure sample for each trial. 

6. Determine the percent relative average deviation using the calculated mass percents from all your trials. Do additional trials if your deviation is greater than 2%. 

7. Report the average percent by mass of KHP for your unknown. 

D. Determination of the mass of an unknown acid required to neutralize one mole of Hydroxide ion. 

1. Obtain a clean, dry capped shell vial containing an impure KHP unknown. Record your unknown’s number and label the vial. Keep this vial in your locker until your graded lab report has been returned to you. 

Note: the shell vial of unknown contains enough sample for at least six trials. No additional unknown will be provided! Should an unknown be spilt, a different unknown will be obtained and you will start that unknown’s analysis from the beginning. 

2. Do one trial titration using between 0.1 to 0.4 g of the unknown acid. Be careful!! It is easy to dump in too much solid. Titrate as before. 

3. If your initial titration volume is less than 20 mL use a little more unknown. If your titration volume was greater than 25 mL use a little less unknown. (The mass of acid and the volume of NaOH solution used in the titration are directly proportional.) Do at least two more trials. 

4. For each trial, calculate the mass of your unknown acid required to neutralize one mole of hydroxide ion. 

5. Using the calculated mass of acid/mole OH- values, determine the percent relative average deviation. Do additional trials if your deviation is greater than 2%. 

6. Report the average grams acid/mole hydroxide neutralized for your unknown. 

E. Write a formal lab report. Carefully follow all of the instructions or you will lose points. 

1. The report does not need to be typed, but must be legible, neat, and secured in a folder so that it does not fall out. 

2. Use only one side of each piece of paper. 

3. The report must contain the following labeled sections in this order

a) Title page: A page with only the identifying title of the experiment, your name, and the date the report is submitted. 

b) Introduction: a paragraph (be concise) describing what values you have been asked to determine in the experiment, (not how to do the experiment). Include the balanced chemical equation for the reactions used in parts B and C of this experiment. No numbers should be used in this part of your report.

c) Procedure: Do not repeat the details of the procedure given in your lab book or you will lose credit. Instead, you should write several paragraphs summarizing the theory of the procedures you used in your experiment. Some of the topics these paragraphs should cover are: What is a titration? What is a buret (maybe a sketch would be useful) and how is it used? What is the “equivalence point” in an acid/base titration? How do you know when you have reached the “equivalence point?” How is the “equivalence point” different from the “end point?” What is an indicator (in general) and what is phenolphthalein (the specific indicator used in this experiment)? No data should be presented in this part of your report. 

d) Data tables: Present all of your data in neat, table form. All measurements must be included. 

e) Sample calculations: Show at least one complete sample calculation for each type of calculation. 

f) Results: Report your unknowns’ numbers and the average values you obtained (not the relative average deviation) for each unknown. Put nothing else in this section. 

g) Error discussion: Your error discussion should first define systematic and random errors. Then it should give definitions of accuracy and precision. Now make sure your error discussion answers the following questions: Which type of error, systemic or random, affects accuracy (and the grade on your unknowns)? Which type of error affects precision (and your percent relative average deviation)? What are some possible systematic errors that could occur in this experiment? What are some possible random errors that could occur in this experiment? How would each of the possible errors in this experiment affect your results? What can be done to try to minimize each type of error? 

NOTE: The Introduction, Procedure, and Error discussion of this lab report should be in complete sentences, paragraph (not outline) format and will be graded for spelling and grammar as well as content. Be sure to reference any outside sources that you used to write your report.

Harvard case study: winfield refuse management financial statement

You have been hired as an advisor to the Board of Directors of Winfield Refuse Management to guide the board in their choice of funding for the acquisition of Mott-Pliese Integrated Solutions.  In a one-page memo, make and defend a recommendation about whether the company should use debt or equity to fund the acquisition.  Be sure that your discussion addresses the issues and concerns raised by members of the board.

I have attached the do’s and don’ts. I need an A/B grade this time. It needs to a one page memo only (single spaced, times new roman, 12 size) and a second page with exhibits and calculations/tables with why you chose it. 

The final decision should get to choosing the debt. 

Include FRICTO analysis in the one page memo- example

 https://www.investment-and-finance.net/financial-analysis/f/fricto.html

Start it by  

Memo

To: Board of Directors of Winfield Refuse Management 

From: Hashita Khatnani

Subject: Winfield Refuse Management 

Date: November 17, 2018

Ba 540 chapter 07 – valuing bonds

 

Chapter 07

Valuing Bonds

  

BA 540 Chapter 07 – Valuing Bonds

BA/540 Chapter 07 – Valuing Bonds

BA540 Chapter 07 – Valuing Bonds

BA-540 Chapter 07 – Valuing Bonds

BA 540 Chapter 07 – ValuingBonds

Multiple Choice Questions
 

1. Which of these statements is false? 
A. Bonds are more important capital sources than stocks for companies and governments.
B. Some bonds offer high potential for rewards and, consequently, higher risk.
C. The bond market is larger than the stock market.
D. Bonds are always less risky than stocks.

 

2. Bonds are issued by which of the following? 
A. corporations
B. federal government or its agencies
C. state and local governments
D. all of these

 

3. Which of these statements answers why bonds are known as fixed income securities? 
A. Many investors on fixed incomes buy them.
B. Investors know how much they will receive in interest payments.
C. Investors will not receive their principal when the bond’s term is up.
D. All of these

 

4. Which of the following is a legal contract that outlines the precise terms between the issuer and the bondholder? 
A. debenture
B. enforcement codes
C. indenture
D. prospectus

 

5. Regarding a bond’s characteristics, which of the following is the principal loan amount that the borrower must repay? 
A. call premium
B. maturity date
C. par or face value
D. time to maturity value

 

6. To compensate the bondholders for getting the bond called, the issuer pays which of the following? 
A. call feature
B. call premium
C. coupon rate
D. original issue premium

 

7. This determines the dollar amount of interest paid to bondholders. 
A. original issue discount
B. call premium
C. coupon rate
D. market rate

 

8. Bond prices are quoted in terms of which of the following? 
A. original issue discount
B. percent of par value
C. coupon rate in dollars
D. market rate in dollars

 

9. Which of the following are main issuers of bonds? 
A. U.S. Treasury bonds
B. Corporate bonds
C. Municipal bonds
D. All of these

 

10. Which of the following statements is true? 
A. Interest payments paid to U.S. Treasury bond holders are not taxed at the federal level.
B. Interest payments paid to corporate bond holders are not taxed at the federal level.
C. Interest payments paid to corporate bond holders are not taxed at the state level.
D. Interest payments paid to municipal bond holders are not taxed at the federal level, or by the state for which the bond is issued.

 

11. Which of the following issues Treasury Inflation Protected Securities (TIPS)? 
A. U.S. Treasury
B. Corporations
C. Municipalities
D. Nonprofits

 

12. Which of the following is true regarding U.S. Government Agency Securities? 
A. They carry the federal government’s full faith and credit guarantee.
B. They do not carry the federal government’s full faith and credit guarantee.
C. They are insured by the FDIC.
D. They are treated the same as U.S. Treasury bonds with regard to the federal government’s full faith and credit guarantee.

 

13. Which of the following is a debt security whose payments originate from other loans, such as credit card debt, auto loans, and home equity loans? 
A. asset-backed securities
B. credit quality securities
C. debentures
D. junk bonds

 

14. Which of the following is NOT a factor that determines the coupon rate of a company’s bonds? 
A. The amount of uncertainty about whether the company will be able to make all the payments.
B. The term of the loan.
C. The level of interest rates in the overall economy at the time.
D. All of these are factors that determine the coupon rate of a company’s bonds.

 

15. Which of the following bonds makes no interest payments? 
A. a bond whose coupon rate is equal to the market interest rates
B. a bond whose coupon rates are greater than market interest rates
C. a bond whose coupon rates are less than the market interest rates
D. zero coupon bond

 

16. Which of the following is a true statement? 
A. If interest rates fall, U.S. Treasury bonds will have decreasing values.
B. If interest rates fall, corporate bonds will have decreasing values.
C. If interest rates fall, no bonds will enjoy rising values.
D. If interest rates fall, all bonds will enjoy rising values.

 

17. Which of the following terms means that during periods when interest rates change substantially, bondholders experience distinct gains and losses in their bond investments? 
A. credit quality risk
B. interest rate risk
C. liquidity rate risk
D. reinvestment rate risk

 

18. Which of the following terms means the chance that future interest payments will have to be reinvested at a lower interest rate? 
A. credit quality risk
B. interest rate risk
C. liquidity rate risk
D. reinvestment rate risk

 

19. Which of the following terms is a comparison of market yields on securities, assuming all characteristics except maturity are the same? 
A. credit quality risk
B. interest rate risk
C. liquidity of interest rate risk
D. term structure of interest rates

 

20. A bond’s current yield is defined as 
A. the bond’s annual coupon rate divided by the bond’s par value.
B. the bond’s annual coupon rate divided by the market interest rate.
C. the bond’s annual coupon rate divided by the bond’s current market price.
D. the bond’s annual coupon rate divided by the bond’s original issue price.

 

21. Which of the following is an important advantage to the issuer of a bond with a call provision? 
A. They are able to avoid interest rate risk.
B. They are able to avoid reinvestment rate risk.
C. They are able to reduce their credit risk.
D. They allow for refinancing opportunities.

 

22. Which of the following is a reason municipal bonds offer lower rates of interest income for their investors? 
A. They are able to avoid interest rate risk.
B. They are able to avoid reinvestment rate risk.
C. They are able to offer reduced credit risk as they are backed by the federal government.
D. They are tax exempt—at least at the federal level.

 

23. Which of the following terms is the chance that the bond issuer will not be able to make timely payments? 
A. credit quality risk
B. interest rate risk
C. liquidity of interest rate risk
D. term structure of interest rates

 

24. Which of the following bonds carry significant risk that the issuer will not make current or future payments? 
A. credit quality risk bonds
B. interest rate risk bonds
C. liquidity rate risk bonds
D. junk bonds

 

25. Interest Payments Determine the interest payment for the following three bonds: 5½ percent coupon corporate bond (paid semi-annually), 6.45 percent coupon Treasury note, and a corporate zero coupon bond maturing in 10 years. (Assume a $1,000 par value.) 
A. $5.50, $6.45, $0, respectively
B. $27.50, $32.25, $0, respectively
C. $27.50, $32.25, $100, respectively
D. $55.00, $64.50, $0, respectively

 

26. Interest Payments Determine the interest payment for the following three bonds: 2½ percent coupon corporate bond (paid semi-annually), 3.15 percent coupon Treasury note, and a corporate zero coupon bond maturing in 10 years. (Assume a $1,000 par value.) 
A. $2.50, $3.15, $0, respectively
B. $12.50, $15.75, $0, respectively
C. $12.50, $15.75, $100, respectively
D. $25.00, $31.50, $0, respectively

 

27. Interest Payments Determine the interest payment for the following three bonds: 4 percent coupon corporate bond (paid semi-annually), 4.75 percent coupon Treasury note, and a corporate zero coupon bond maturing in 15 years. (Assume a $1,000 par value.) 
A. $4.00, $4.75, $0, respectively
B. $20.00, $23.75, $0, respectively
C. $20.00, $23.75, $150, respectively
D. $40.00, $47.50, $0, respectively

 

28. Time to Maturity A bond issued by a corporation on June 15, 2007, is scheduled to mature on June 15, 2017. If today is December 16, 2008, what is this bond’s time to maturity? (Assume annual interest payments.) 
A. 1 year, 6 months
B. 8 years
C. 8 years, 6 months
D. 10 years

 

29. Time to Maturity A bond issued by a corporation on May 1, 1999, is scheduled to mature on May 1, 2019. If today is May 2, 2009, what is this bond’s time to maturity? (Assume annual interest payments.) 
A. 9 years
B. 10 years
C. 19 years
D. 20 years

 

30. Time to Maturity A bond issued by a corporation on October 1, 2007, is scheduled to mature on October 1, 3007. If today is October 2, 2009, what is this bond’s time to maturity? (Assume annual interest payments.) 
A. 2 years
B. 50 years
C. 998 years
D. 100 years

 

31. Call Premium A 5.5 percent corporate coupon bond is callable in four years for a call premium of one year of coupon payments. Assuming a par value of $1,000, what is the price paid to the bondholder if the issuer calls the bond? (Assume annual interest payments.) 
A. $55
B. $220
C. $1000
D. $1055

 

32. Call Premium A 6 percent corporate coupon bond is callable in ten years for a call premium of one year of coupon payments. Assuming a par value of $1,000, what is the price paid to the bondholder if the issuer calls the bond? 
A. $60
B. $600
C. $1000
D. $1060

 

33. Call Premium A 4.5 percent corporate coupon bond is callable in five years for a call premium of one year of coupon payments. Assuming a par value of $1,000, what is the price paid to the bondholder if the issuer calls the bond? 
A. $45
B. $225
C. $1000
D. $1045

 

34. TIPS Interest and Par Value A 2½ percent TIPS has an original reference CPI of 170.4. If the current CPI is 205.7, what is the current interest payment and par value of the TIPS? (Assume semi-annual interest payments and $1,000 par value.) 
A. $1000, $7.16, respectively
B. $1000, $15.09, respectively
C. $1207.16, $7.16, respectively
D. $1207.16, $15.09, respectively

 

35. TIPS Interest and Par Value A 3 3/4 percent TIPS has an original reference CPI of 175.8. If the current CPI is 207.7, what is the current interest payment and par value of the TIPS? (Assume semi-annual interest payments and $1,000 par value.) 
A. $1000, $18.75, respectively
B. $1000, $37.50, respectively
C. $1181.46, $22.15, respectively
D. $1181.46, $37.50, respectively

 

36. Bond Quotes Consider the following three bond quotes; a Treasury note quoted at 87:25, and a corporate bond quoted at 102.42, and a municipal bond quoted at 101.45. If the Treasury and corporate bonds have a par value of $1,000 and the municipal bond has a par value of $5,000, what is the price of these three bonds in dollars? 
A. $872.50, $1000, $1000, respectively
B. $1000, $1000, $1000, respectively
C. $877.81, $1024.20, $5072.50, respectively
D. $1000, $1024.20, $1001.45, respectively

 

37. Bond Quotes Consider the following three bond quotes; a Treasury note quoted at 102:30, and a corporate bond quoted at 99.45, and a municipal bond quoted at 102.45. If the Treasury and corporate bonds have a par value of $1,000 and the municipal bond has a par value of $5,000, what is the price of these three bonds in dollars? 
A. $1002.30, $1000, $1000, respectively
B. $1000, $1000, $5000, respectively
C. $1002.30, $994.50, $5012.25 respectively
D. $1029.38, $994.50, $5122.50, respectively

 

38. Zero Coupon Bond Price Calculate the price of a zero coupon bond that matures in 10 years if the market interest rate is 6 percent. (Assume semi-annual compounding and $1,000 par value.) 
A. $553.68
B. $558.66
C. $940.00
D. $1000.00

 

39. Zero Coupon Bond Price Calculate the price of a zero coupon bond that matures in 5 years if the market interest rate is 7.50 percent. (Assume semi-annual compounding and $1,000 par value.) 
A. $692.02
B. $696.57
C. $962.50
D. $1000.00

 

40. Current Yield What’s the current yield of a 6 percent coupon corporate bond quoted at a price of 101.70? 
A. 5.9%
B. 6.0%
C. 6.1%
D. 10.2%

 

41. Current Yield What’s the current yield of a 5.75 percent coupon corporate bond quoted at a price of 103.05? 
A. 5.58%
B. 5.75%
C. 5.93%
D. 17.54%

 

42. Current Yield What’s the current yield of an 8.15 percent coupon corporate bond quoted at a price of 94.30? 
A. 4.30%
B. 8.01%
C. 8.15%
D. 8.64%

 

43. Taxable Equivalent Yield What’s the taxable equivalent yield on a municipal bond with a yield to maturity of 3.9 percent for an investor in the 35 percent marginal tax bracket? 
A. 1.09%
B. 3.90%
C. 6.00%
D. 11.14%

 

44. Taxable Equivalent Yield What’s the taxable equivalent yield on a municipal bond with a yield to maturity of 4.5 percent for an investor in the 39 percent marginal tax bracket? 
A. 1.76%
B. 4.50%
C. 7.38%
D. 11.54%

 

45. Credit Risk and Yield Rank the following bonds in order from lowest credit risk to highest risk all with the same time to maturity, by their yield to maturity: JM Corporate bond with yield of 12.25 percent, IB Corporate bond with yield of 4.49 percent, TC Corporate bond with yield of 8.76 percent, and B&O Corporate bond with a yield of 5.99 percent. 
A. JM bond, TC bond, B&O bond, IB bond
B. IB bond, B&O bond, TC bond, JM bond
C. TC bond, B&O bond, IB bond, JM bond
D. JM bond, IB bond, B&O bond, TC bond

 

46. TIPS Capital Return Consider a 2.75% TIPS with an issue CPI reference of 184.2. At the beginning of this year, the CPI was 195.4 and was at 200.5 at the end of the year. What was the capital gain of the TIPS in dollars? 
A. $5.10
B. $11.20
C. $16.30
D. $27.69

 

47. TIPS Capital Return Consider a 3.25% TIPS with an issue CPI reference of 186.7. At the beginning of this year, the CPI was 197.5 and was at 202.4 at the end of the year. What was the capital gain of the TIPS in dollars? (Assume semi-annual interest payments and $1,000 par value.) 
A. $4.90
B. $10.80
C. $15.70
D. $26.25

 

48. TIPS Capital Return Consider a 3.75% TIPS with an issue CPI reference of 183.5. At the beginning of this year, the CPI was 190.6 and was at 199.4 at the end of the year. What was the capital gain of the TIPS in percentage terms? (Assume semi-annual interest payments and $1,000 par value.) 
A. 3.75%
B. 4.62%
C. 7.10%
D. 8.80%

 

49. Compute Bond Price Compute the price of a 4.75 percent coupon bond with 15 years left to maturity and a market interest rate of 6.25 percent. (Assume interest payments are semi-annual and par value is $1,000.) Is this a discount or premium bond? 
A. discount
B. premium

 

50. Compute Bond Price Compute the price of a 6 percent coupon bond with 10 years left to maturity and a market interest rate of 8.75 percent. (Assume interest payments are semi-annual and par value is $1,000.) Is this a discount or premium bond? 
A. discount
B. premium

 

51. Bond Prices and Interest Rate Changes A 6 percent coupon bond with 12 years left to maturity is priced to offer a 6.5 percent yield to maturity. You believe that in one year, the yield to maturity will be 6.25 percent. What is the change in price the bond will experience in dollars? (Assume semi-annual interest payments and $1,000 par value.) 
A. $19.67
B. $21.55
C. $25.00
D. $41.22

 

52. Bond Prices and Interest Rate Changes A 5.5 percent coupon bond with 18 years left to maturity is priced to offer a 6.25 percent yield to maturity. You believe that in one year, the yield to maturity will be 5.75 percent. What is the change in price the bond will experience in dollars? (Assume semi-annual interest payments and $1,000 par value.) 
A. $25.00
B. $26.89
C. $53.48
D. $80.37

 

53. Yield to Maturity A 5.75 percent coupon bond with 12 years left to maturity is offered for sale at $978.83. What yield to maturity is the bond offering? (Assume interest payments are paid semi-annually and par value is $1,000.) 
A. 3.00%
B. 3.09%
C. 5.75%
D. 6.00%

 

54. Yield to Maturity A 4.25 percent coupon bond with 8 years left to maturity is offered for sale at $983.36. What yield to maturity is the bond offering? (Assume interest payments are paid semi-annually and par value is $1,000.) 
A. 2.25%
B. 2.36%
C. 4.25%
D. 4.50%

 

55. Yield to Call A 7.25 percent coupon bond with 25 years left to maturity can be called in 5 years. The call premium is one year of coupon payments. It is offered for sale at $1066.24. What is the yield to call of the bond? (Assume that interest payments are paid semi-annually and par value is $1,000.) 
A. 3.41%
B. 3.45%
C. 3.51%
D. 6.90%

 

56. Yield to Call A 4.75 percent coupon bond with 12 years left to maturity can be called in 2 years. The call premium is one year of coupon payments. It is offered for sale at $1037.35. What is the yield to call of the bond? (Assume that interest payments are paid semi-annually and par value is $1,000.) 
A. 4.60%
B. 4.68%
C. 4.75%
D. 5.05%

 

57. Comparing Bond Yields A client in the 33 percent marginal tax bracket is comparing a municipal bond that offers a 5 percent yield to maturity and a similar-risk corporate bond that offers a 6.25 percent yield. Which bond will give the client more profit after taxes? 
A. the municipal bond
B. the corporate bond
C. Both give the client equal profits after taxes.
D. There is not enough information given to determine.

 

58. Comparing Bond Yields A client in the 28 percent marginal tax bracket is comparing a municipal bond that offers a 3.25 percent yield to maturity and a similar-risk corporate bond that offers a 4.10 percent yield. Which bond will give the client more profit after taxes? 
A. the municipal bond
B. the corporate bond
C. Both give the client equal profits after taxes.
D. There is not enough information given to determine answer.

 

59. Comparing Bond Yields A client in the 35 percent marginal tax bracket is comparing a municipal bond that offers a 4.25 percent yield to maturity and a similar-risk corporate bond that offers a 5.10 percent yield. Which bond will give the client more profit after taxes? 
A. the municipal bond
B. the corporate bond
C. Both give the client equal profits after taxes.
D. There is not enough information given to determine answer.

 

60. TIPS Total Return Reconsider a 3.25% TIPS that was issued with CPI reference of 186.7. The bond is purchased at the beginning of the year (after the interest payment), when the CPI was 197.5. For the interest in the middle of the year, the CPI was 201.1. Now, at the end of the year, the CPI is 202.4 and the interest payment has been made. What is the total return of the TIPS in percentage terms for the year? (Assume semi-annual interest payments and $1,000 par value.) 
A. 1.6%
B. 2.4%
C. 5.8%
D. 9.1%

 

61. Bond Prices and Interest Rate Changes A 6.75 percent coupon bond with 10 years left to maturity is priced to offer a 6.5 percent yield to maturity. You believe that in one year, the yield to maturity will be 6.65 percent. If this occurs, what would be the total return of the bond in percent? (Assume semi-annual interest payments and $1,000 par value.) 
A. 5.5%
B. 5.6%
C. 6.6%
D. 6.7%

 

62. Bond Prices and Interest Rate Changes A 7.25 percent coupon bond with 25 years left to maturity is priced to offer a 7 percent yield to maturity. You believe that in one year, the yield to maturity will be 7.15 percent. If this occurs, what would be the total return of the bond in percent? (Assume semi-annual interest payments and $1,000 par value.) 
A. 3.5%
B. 5.3%
C. 7.0%
D. 7.15%

 

63. Yields of a Bond A 3.25 percent coupon municipal bond has 12 years left to maturity and has a price quote of 98.75. The bond can be called in 5 years. The call premium is one year of coupon payments. What is the bond’s taxable equivalent yield for an investor in the 35 percent marginal tax bracket? (Assume interest payments are paid semi-annually and a par value of $5,000.) 
A. 3.38%
B. 5.00%
C. 5.20%
D. 10.12%

 

64. Yields of a Bond A 4.5 percent coupon municipal bond has 10 years left to maturity and has a price quote of 97.75. The bond can be called in 4 years. The call premium is one year of coupon payments. What is the bond’s taxable equivalent yield for an investor in the 33 percent marginal tax bracket? (Assume interest payments are paid semi-annually and a par value of $5,000.) 
A. 4.5%
B. 4.78%
C. 7.13%
D. 14.48%

 

65. Bond Ratings and Prices A corporate bond with a 5.75 percent coupon has 15 years left to maturity. It has had a credit rating of BB and a yield to maturity of 6.25 percent. The firm has recently gotten more financially stable and the rating agency is upgrading the bonds to BBB. The new appropriate discount rate will be 6.00 percent. What will be the change in the bond’s price in dollars? (Assume interest payments are paid semi-annually and a par value of $1,000.) 
A. decrease $22.25
B. increase $22.25
C. decrease $23.72
D. increase $23.72

 

66. Which of the following was the catalyst for the recent financial crisis? 
A. Corruption in the investment banking industry.
B. Widespread layoffs due to illegal alien hiring.
C. Defaults on subprime mortgages.
D. All of these.

 

67. Which of the following is not true about EE savings bonds? 
A. Interest payments are received annually but are tax deductible.
B. About 1 in 6 Americans own a savings bond
C. These are tax deferred investments
D. Patriot bonds sell for one-half of their face value.

 

68. If Zeus Energy bonds are upgraded from BBB- to BBB+, which of the following statements is true? 
A. The current bond price will increase.
B. Interest rates required on new bond issues will increase.
C. The current bond price will decrease.
D. The current bond price will increase and interest rates on new bonds issues will decrease.

 

69. A 6.5% coupon bond with 12 years left to maturity can be called in 4 years. The call premium is one year of coupon payments. It is offered for sale at $1,190.25. What is the yield to call of the bond? (Assume interest payments are paid semi-annually and par value is $1,000.) 
A. 1.48%
B. 2.96%
C. 6.5%
D. 7.23%

 

70. A 7.5% coupon bond with 16 years left to maturity is offered for sale at $834.92. What yield to maturity is the bond offering? (Assume interest payments are paid semi-annually and par value is $1,000.) 
A. 4.77%
B. 7.5%
C. 9.54%
D. 10.34%

 

71. An 8% coupon bond with 15 years to maturity is priced to offer a 9% yield to maturity. You believe that in one year, the yield to maturity will be 6.5%. What is the change in price the bond will experience in dollars? (Assume annual interest payments and par value is $1,000.) 
A. $163.92
B. $176.15
C. $198.45
D. $215.82

 

72. Calculate the price of a 6.5% coupon bond with 27 years left to maturity and a market interest rate of 5%. (Assume interest payments are semiannual and par value is $1,000.) Is this a discount or premium bond? 
A. $982.03; discount
B. $1,010.59; discount
C. $1,220.93; premium
D. $1,315.62; premium

 

73. Calculate the price of a 6.5% coupon bond with 17 years left to maturity and a market interest rate of 10.5%. (Assume interest rates are semiannual and par value is $1,000.) Is this a discount or premium bond? 
A. $685.93; discount
B. $791.03; discount
C. $1,051.83; premium
D. $1,176.31; premium

 

74. Calculate the price of a zero coupon bond that matures in 20 years if the market interest rate is 8.5%. (Assume annual compounding and a par value of $1,000.) 
A. $90.29
B. $195.62
C. $1,195.62
D. $995.62

 

75. What is the taxable equivalent yield on a municipal bond with a yield to maturity of 4% for an investor in the 28% tax bracket? 
A. 2.88%
B. 3.87%
C. 4.51%
D. 5.56%

 

76. Rank from lowest credit risk to highest credit risk the following bonds, with the same time to maturity, by their yield to maturity: Treasury bond with yield of 5.55%, IBM bond with yield of 7.95%, Trump Casino bond with a yield of 9.15%, and Banc Ono bond with a yield of 6.12%. 
A. Treasury, Trump Casino, Banc Ono, IBM
B. Trump Casino, IBM, Banc Ono, Treasury
C. Treasury, Banc Ono, IBM, Trump Casino
D. Trump Casino, Banc Ono, IBM, Treasury

 

77. Consider a 4.5% TIPS with an issue CPI reference of 187.2. At the beginning of this year, the CPI was 199.5 and was 213.7 at the end of the year. What was the capital gain of the TIPS in dollars? 
A. $32.73
B. $46.92
C. $62.49
D. $75.85

 

78. Rank from highest credit risk to lowest credit risk the following bonds, with the same time to maturity, by their yield to maturity: Treasury bond with yield of 6.55%, IBM bond with yield of 10.95%, Trump Casino bond with a yield of 9.15%, and Banc Ono bond with a yield of 9.46%. 
A. Treasury, Trump Casino, Banc Ono, IBM
B. Banc Ono, Trump Casino, IBM, Treasury
C. Trump Casino, Treasury, Banc Ono, IBM
D. IBM, Banc Ono, Trump Casino, Treasury

 

79. Consider the following bond quote: a municipal bond quoted at 101.25. If the municipal bond has a par value of $5,000, what is the price of the bond in dollars? 
A. $5,089.06
B. $5,050.19
C. $5,062.50
D. $5,109.75

 

80. A 3.75% TIPS has an original reference CPI of 183.9. If the current CPI is 214.7, what is the current interest payment? (Assume semi-annual interest payments and a par value of $1,000.) 
A. $43.78
B. $37.50
C. $21.89
D. $18.75

 

81. A 5 1/8% TIPS has an original reference CPI of 191.8. If the current CPI is 188.3, what is the par value of the TIPS? 
A. $981.75
B. $1,018.60
C. $992.75
D. $1,042.95

 

82. A 7.5% coupon bond with 9 years left to maturity is priced to offer a 10.4% yield to maturity. You believe that in one year, the yield to maturity will be 8%. What is the change in price the bond will experience in dollars? (Assume interest payments are semiannual and par value is $1,000.) 
A. $97.75
B. $101.50
C. $129.25
D. $137.75

 

83. A 6.75% coupon bond with 13 years left to maturity can be called in 2 years. The call premium is one year of coupon payments. It is offered for sale at $919.75. What is the yield to call of the bond? Assume interest payments are paid semi-annually and par value is $1,000. 
A. 12.14%
B. 7.27%
C. 14.54%
D. 8.29%

 

84. A 5.5% coupon municipal bond has 16 years left to maturity and has a price quote of 92.55. The bond can be called in 9 years. The call premium is one year of coupon payments. Compute the bond’s current yield. Assume interest payments are paid semi-annually and a par value of $5,000. 
A. 5.94%
B. 11.89%
C. 12.19%
D. 13.14%

 

85. A 5.5% coupon municipal bond has 16 years left to maturity and has a price quote of 92.55. The bond can be called in 9 years. The call premium is one year of coupon payments. Compute the bond’s yield to maturity and yield to call. Assume interest payments are paid semi-annually and a par value of $5,000. 
A. YTM = 6.91%; YTC = 7.52%
B. YTM = 6.24%; YTC = 7.08%
C. YTM = 5.78%; YTC = 6.61%
D. YTM = 5.92%; YTC = 6.85%

 

86. An 8% coupon municipal bond has 15 years left to maturity and has a price quote of 98.5. The bond can be called in 6 years. The call premium is one year of coupon payments. Compute the bond’s yield to call and determine if the bond will be called. Assume interest payments are paid semi-annually and a par value of $5,000. 
A. 4.68%; yes, the bond will be called
B. 9.36%; yes, the bond will be called
C. 9.36%; no, the bond will not be called
D. 10.71%; no, the bond will not be called

 

87. An 8% coupon municipal bond has 15 years left to maturity and has a price quote of 102.0. The bond can be called in 6 years. The call premium is one year of coupon payments. Compute the bond’s yield to call and determine if the bond will be called. Assume interest payments are paid semi-annually and a par value of $5,000. 
A. 4.31%; yes, the bond will be called
B. 8.62%; yes, the bond will be called
C. 8.62%; no, the bond will not be called
D. 11.21%; no the bond will not be called

 

88. A corporate bond with a 5% coupon has 10 years left to maturity. It has had a credit rating of BBB and a yield to maturity of 8.0%. The firm has recently gotten into some trouble and the rating agency is downgrading the bonds to BB. The new appropriate discount rate will be 9%. What will be the change in the bond’s price in dollars? Assume interest payments are paid semi-annually and par value is $1,000. 
A. -$43.61
B. -$51.07
C. -$62.43
D. -$56.31

 

89. A corporate bond with an 8.5% coupon has 10 years left to maturity. It has had a credit rating of A and a yield to maturity of 10%. The firm has recently gotten into some trouble and the rating agency is downgrading the bonds to BBB. The new appropriate discount rate will be 11.5%. What will be the change in the bond’s price in dollars? Assume interest payments are paid semi-annually and par value is $1,000. 
A. -$82.13
B. -$95.19
C. -$101.37
D. -$69.85

 

90. Junk bonds are those bonds with a credit rating of _____________. 
A. BB and lower
B. B and lower
C. BBB and lower
D. None of these.

 

91. Which of following are backed only by the reputation and financial stability of the corporation? 
A. Debentures
B. Unsecured bonds
C. Both a and b
D. None of these.

 

92. Investment grade bonds include those bonds with ratings _____________. 
A. From AAA to BB
B. From AAA to BBB
C. From AAA to B
D. From AAA to A

 

93. Which of the following statements is correct? 
A. Michael Milken pioneered an active high-yield bond market in the late 1970s that provided much needed capital to entrepreneurs and financial innovators.
B. Prior to Milken, the only junk bonds were those issued by once financially stable firms that had fallen on hard times.
C. Milken showed investors that, historically, junk bonds rarely defaulted and offered a very high return to those willing to assume the risk of owning them.
D. All of these statements are correct.

 

94. Which of the following statements is correct? 
A. Yield spreads between bonds of different quality remain static over time.
B. Yield spreads are set by the Securities Exchange Commission.
C. Yield spreads between bonds of different quality change over time.
D. None of these statements is correct.

 

95. Sally is choosing between two bonds both of which mature in 15 years and have the same level of risk. Bond A is a municipal bond that yields 5.25%. Bond B is a corporate bond that yields 7.75%. If Sally is in the 30% tax bracket, which bond should she select and why? 
A. Sally should select Bond A because its interest income is not taxable.
B. Sally should select Bond B is better because it has lower risk.
C. Sally should select Bond A because its taxable equivalent yield is greater than the yield of Bond B.
D. Sally should select Bond B because the taxable equivalent yield of Bond A is less than the yield of Bond B.

 

96. Sally is choosing between two bonds both of which mature in 15 years and have the same level of risk. Bond A is a municipal bond that yields 5.75%. Bond B is a corporate bond that yields 7.75%. If Sally is in the 28% tax bracket, which bond should she select and why? 
A. Sally should select Bond A because its interest income is not taxable.
B. Sally will be indifferent between Bond A and B since the taxable equivalent yield of Bond A equals the yield of Bond B.
C. Sally should select Bond A because its TEY is greater than the yield of Bond B.
D. Sally should select Bond B because the TEY of Bond A is less than the yield of Bond B.

 

97. Sally is choosing between two bonds both of which mature in 15 years and have the same level of risk. Bond A is a municipal bond that yields 5.15%. Bond B is a corporate bond that yields 7.15%. If Sally is in the 28% tax bracket, which bond should she select and why? 
A. Sally should select Bond A because its interest income is not taxable.
B. Sally will be indifferent between Bond A and B since the taxable equivalent yield of Bond A equals the yield of Bond B.
C. Sally should select Bond A because its taxable equivalent yield is greater than the yield of Bond B.
D. Sally should select Bond B because the taxable equivalent yield of Bond A is less than the yield of Bond B.

 

98. A bond with 14 years to maturity is selling for $1070 and has a yield to maturity of 10.06%. If this bond pays its coupon payments semi-annually and par value is $1,000, what is the bond’s annual coupon rate? 
A. 5.50%
B. 8.19%
C. 9.57%
D. 11.00%

 

99. A bond with 23 years to maturity is selling for $991 and has a yield to maturity of 8.12%. If this bond pays its coupon payments semi-annually and par value is $1,000, what is the bond’s annual coupon rate? 
A. 7.45%
B. 8.03%
C. 9.39%
D. 10.82%

 

100. All of the following items would need to be included in the bond’s indenture agreement except _____. 
A. The coupon rate
B. The call feature
C. The credit rating
D. Steps that the bondholder can take in the event that the issuer fails to pay the interest or principal

 

101. Which of the following is not a correct statement? 
A. Treasury inflation-protected securities have fixed coupon rates.
B. The federal government adjusts the par value of Treasury inflation-protected securities at the rate of inflation.
C. At maturity, investor in Treasury inflation-protected securities receives an inflation-adjusted principal amount.
D. All of these statements are correct.

 

102. Which of the following would NOT be an example of an agency bond? 
A. Federal Home Loan Bank bond
B. Student Loan Marketing Association bond
C. Fannie Mae bond
D. Treasury bills

 

103. Which of the following statements is correct? 
A. Bonds with short-term maturities will have very little interest rate risk.
B. Bonds with large coupon payments will have very little interest rate risk.
C. Bonds with higher credit ratings will have very little interest rate risk.
D. All of these statements are correct.

 

104. Which of the following statements is correct? 
A. Long-term bonds have more reinvestment rate risk than short-term bonds.
B. Long-term bonds have more interest rate risk than short-term bonds.
C. Short-term bonds with high coupons have high interest rate risk.
D. Zero coupon bonds do not have interest rate risk.

 

105. Which of the following bonds will have the largest percentage increase in value if interest rates decrease by 1%? 
A. 2-year, 5% coupon bond
B. 30-year, 10% coupon bond
C. 10-year, zero coupon
D. 30-year, zero coupon

 

106. Rank the following bonds, from highest to lowest interest rate risk: 2-year zero coupon, 2-year 5% coupon bond, 30-year 5% coupon bond, 30-year, zero coupon bond. 
A. 30-year, zero coupon bond, 30-year 5% coupon bond, 2-year 5% coupon bond, 2-year zero coupon bond
B. 2-year 5% coupon bond, 2-year zero coupon bond, 30-year 5% coupon bond, 30-year zero coupon bond
C. 30-year, zero coupon bond, 30-year 5% coupon bond, 2-year zero coupon bond, 2-year 5% coupon bond
D. 30-year, 5% coupon bond, 30-year zero coupon bond, 2-year 5% coupon bond, 2-year zero coupon bond

 

107. Which of the following statements is correct? 
A. All else the same, an investor will require less return to invest in a callable bond than one that is not callable.
B. All else the same, an investor will require more return to invest in a callable bond than one that is not callable.
C. The call feature does not impact the return that investors demand.
D. We would need to know the current level of interest rates to answer this question.

 

108. Under which conditions will an investor demand a larger return (yield) on a bond? 
A. The bond issue is upgraded from A to AA.
B. The bond issue is downgraded from A to BBB.
C. Interest rates decrease due to decline in inflation.
D. None of these conditions will cause an increase in the bond’s yield.

 

109. Which of the following statements is correct? 
A. There is an inverse relationship between bond prices and bond yields.
B. There is a positive relationship between bond prices and bond yields.
C. There is no relationship between bond prices and bond yields.
D. The relationship between bond prices and bond yields is dependent on the market interest rate.

 

110. If a bond is selling at a premium, then ________________________________. 
A. its coupon rate must be greater than its yield
B. its coupon rate must be less than its yield
C. its coupon rate must be equal to its yield
D. its coupon rate must be equal to one-half the yield to maturity for a 5-year bond

 

111. The bond’s annual coupon rate divided by its market price is referred to as the __________. 
A. Yield to Call
B. Yield to Maturity
C. Current Yield
D. Term Structure of Interest Rates

 

112. Possible shapes for the yield include all of the following except ____________. 
A. Humped
B. Downward sloping
C. Flat
D. All of these are possible shapes.

 

113. Possible shapes for the yield curve include all of the following except ___________. 
A. Upward sloping
B. Humped
C. Horizontal line
D. Vertical line

 

114. If a bond is selling at a discount, which of the following statements is correct? 
A. The current yield must be greater than the coupon rate.
B. The coupon rate must be greater than the yield to maturity.
C. The bond must have a low bond rating.
D. All of the statements are correct.

 

115. If a bond is selling at par value, which of the following statements is correct? 
A. The current yield must equal the coupon rate.
B. The current yield must equal the yield to maturity.
C. Both of these statements are correct.
D. None of these statements is correct.

 

116. To increase the liquidity for the home mortgage market, Fannie Mae and Freddie Mac purchased home mortgages from banks and other lenders. They combined the mortgages into diversified portfolios of loans and issued ______________. 
A. Trust securities
B. Mortgage-backed securities
C. Current yield securities
D. Treasury Inflation Protected Securities

 

117. Under what conditions is a bond likely to be called? 
A. The firm is in financial duress.
B. The firm is planning a massive expansion and needs to raise a lot of capital.
C. Interest rates have significantly declined.
D. The firm wants to increase its debt ratio.

 

118. A 30-year bond with an 8% coupon has a yield to maturity of 6%. The bond could be called in 7 years and if called would generate a yield to call of 5.75%. What is this bond’s call premium? Assume the coupon payments are made annually and par value is $1,000. 
A. $219.73
B. $152.64
C. $106.29
D. $301.76

 

119. A 15-year bond with a 10% coupon has a yield to maturity of 8%. The bond could be called in 4 years and if called would generate a yield to call of 6%. What is this bond’s call premium? Assume the coupon payments are made semi-annually and par value is $1,000. 
A. $19.73
B. $81.87
C. $41.20
D. $66.03

 

120. A 5% coupon bond has 10 years to maturity and could be called in 2 years. If the bond is called, investors will earn 6.2%. The call premium is one year of coupon payments. If coupon payments are made semi-annually and par value is $1,000, what is the bond’s yield to maturity? 
A. 2.36%
B. 4.72%
C. 5.18%
D. 6.49%

 

121. A 7% coupon bond has 10 years to maturity and could be called in 3 years. If the bond is called, investors will earn 5.5%. The call premium is one year of coupon payments. If coupon payments are made semi-annually and par value is $1,000, what is the bond’s yield to maturity? 
A. 2.84%
B. 3.17%
C. 5.38%
D. 5.69%

 

122. A 10% coupon bond has 15 years to maturity and could be called in 2 years. If the bond is called, investors will earn 4%. The call premium is one year of coupon payments. If coupon payments are made annually and par value is $1,000, what is the bond’s yield to maturity? 
A. 6.19%
B. 6.82%
C. 7.65%
D. 7.98%

 

 


Essay Questions
 

123. Describe the relationship between interest rate changes and bond 

124. Describe reasons that the U.S. Government and corporations would issue 

125. Explain why high-income and wealthy people are more likely to buy a municipal bond than a corporate 

126. Yields of a Bond A 4.75 percent coupon municipal bond has 20 years left to maturity and has a price quote of 98.9. The bond can be called in 5 years. The call premium is one year of coupon payments. Compute and discuss the bond’s current yield, yield to maturity, taxable equivalent yield (for an investor in the 35 percent marginal tax bracket), and yield to call. (Assume interest payments are paid semi-annually and a par value of $

 

127. Bond Ratings and Prices A corporate bond with a 5.75 percent coupon has 10 years left to maturity. It has had a credit rating of BBB and a yield to maturity of 6.25 percent. The firm has recently gotten into some trouble and the rating agency is downgrading the bonds to BB. The new appropriate discount rate will be 6.75 percent. What will be the change in the bond’s price in dollars and percentage terms? (Assume interest payments are paid semi-annually and a par value of $

 

128. What does a call provision allow the issuer to do, and why would they do  

129. All else equal, which bond’s price is more affected by a change in interest rates, a bond with a large coupon or a small coupon? 

130. Explain how investors can assess bond market 

 

131. What actions taken by the Federal Reserve preceded and possibly helped precipitate the recent financial crisis? 

Discussion question – user interface

***Plz enough with the plagiarism already…..I will catch it so don’t copy!

COPY = REFUND (automatic)

Discussion Question (do parts 1 & 2 to fully complete)

Part 1:

 

User Interface Design

Please respond to the following in not more than 200 words:

  • Identify an app (not a website) that you are familiar with. Do not repeat an example from the textbook or one that has been posted by another student.
  • Explain how it follows two of the rules of user interface design given in Chapter 8 of the textbook.

Teacher’s notes “Good user experience has become essential to software applications. You probably recognize good and poor user interfaces without thinking about it; in this discussion I want you to go beyond intuition. Please pick a desktop or mobile app and analyze how it embodies two of the user design rules that Chapter 8 explains.”

Part 2:

Then, in a separate post, follow up on one of your fellow students in substantive posts of up to 150 words that further the discussion. For example, you may support or politely challenge a post with your own insights or experience, make a suggestion, or ask probing follow-up questions.

Support your positions with explanations and/or sources, as appropriate, but do not quote. (choose 1)

a.  

Of the many rules that govern the interface design. I particularly like the enable frequent users to use shortcuts. This is the primary purpose of an app an easy way to access a website or accessible downloads. Much like the Bitcoin App which allows the user easy access to managing their cryptocurrency status quicker and more frequently. The second focus is the offer of simple error handling. With an app you have far less chances of intercepting a website with slow processing  and IP base malfunctions. I look forward to the next lesson as this was a very interesting topic t hand. 

R/S

AUGUST

b.  

The app I am familiar with is Livongo Coach.  After my husband checks his blood sugar with the hand-held,then the numbers are uploaded to the Livongo application. A coach responds by text within minutes with suggestions for the next three meals. If we have a question, we click on the app and ask.  This follows the User Interface Design Rule 1: Create an Interface That Is Easy to Learn and Use since all we have to do is stick and submit. Rule 3: Provide Users with Help and Feedback, sends feedback quickly and has a just ask help option.

c. We live in an age where there is an app for just about everything. Just to be a bit different from the main stream apps that most people are familiar with I am choosing the mobile app Glow which is a data-driven ovulation calculator & fertility tracker. This is a free app that is supposed to help women track their general cycle to pinpoint the ovulation window or in other words, the prime time to make a baby. My wife particularly likes this app among other apps available because it is easy to use and also allows the user to include such details as list of medications, exercising history, mood and more, which are all factors that affect one’s reproductive health. So, creative design that is easy to learn and use and user productivity are some of the good attributes of this app. 

d.  The one app that I’m familiar with is the comcast app. I use the app almost everyday for bill payment, technical issues with the wifi,cable tv and phone service, to watch movies on my phone and movies on the tablets for the kids, telephone issues or any other issues that I might have for my cable services. Comcast app follows rule 1: Create an Interface that is easy to learn and use- the comcast xfinity app is very easy to use, it is a clear and simple and all the touch commands always provide a comfortable touch target around actionable elements so they can be tapped without error. Rule 4- Create an Attractive Layout and Design- the interface of the comcast xfinity app displays titles, messages and all instructions in a consistent manner and in the same general locations on all screens and when the user enters data that in correctly, you will not be able to go to the next screen unit the correction are made.  

***chptr 8 incld in the attchmnts

Comment thomas | Nursing homework help

The GCU library databases are a lot of different things to use to make your writing easier. The GCU database is better than google search because it is focused on our topics and what we need to learn and not just everything on the internet. One of the main things that will help when writing your papers and to help support your EBP proposal is ask the librarian. This can help you when you get stuck and can’t figure out the next step. Also if you can’t figure out how to navigate the library the ask the librarian database is something that will help support your EBP. The other database that will help support your EBP proposal is CINAHL. This database has access to thousands of articles from other healthcare professionals and other people in the field that understand what nurses go through. Using this will help to support your EBP because you can read other people’s thoughts that have been in the same place other nurses have. These two things are the most helpful for me but the GCU library has many databases that are better than google because the results we get from GCU are from people that understand what nurses go through.

 

 

References:

Grand Canyon University. (2016). About the GCU Library.| www.gcu.edu. Retrieved 13 November 2017, from https://www.gcu.edu/future-students/campus-experience/library.php

Grand Canyon University. (2017). http://library.gcu.edu/Database/Subject?subject=Nursing_And_Health_Sciences

Assignment 3: project paper – comparative essay

Assignment 3: Project Paper  Comparative Essay

This “Assignment 3” writing assignment is a comparative essay focused on topics encountered in our HUM 111 class. The project will be based on research but will reflect your views and interpretation of the topic. This project is designed to help you stretch your mind and your abilities as an organized, innovative, and critical thinker. If approached properly, it should also be fun!

Choose one (1) of the topics from the list of topic choices below. Read the topic carefully. Write a three to four (3-4) page paper (750-1,000 words) that follows instructions and covers each part of the topic. (The title page and References list do not get included in this word count).

For the topic you choose:

1.     Establish a clear thesis about your topic as part of the introductory paragraph (often the thesis is the last thing one determines after doing the basic research and outline; however it will be placed in the first paragraph of your paper).

2.     This is a comparative essay. Comparison approached properly will require some critical thinking on your part. Use a point-by-point approach for the essay. That means, if comparing subject A with subject B, don’t do the first half of the essay on subject A and then the second half on subject B–that will seem like two (2) separate essays and comparisons will tend to get lost. Instead, you should be mentioning both subjects in most of your paragraphs as you compare them throughout the essay. Comparisons will identify similarities as well as contrasts.

3.     Do not try to do everything on your two (2) subjects. You should end up narrowing your focus to a few insights and issues about the subjects being compared. And, from those fairly specific points of comparison, you will develop a thesis and glean some lessons.

4.     Follow closely the instructions below for your specific topic.

5.     Include a concluding paragraph at the end. This paragraph will, in some way, refer back to the thesis established in your first paragraph, since now you have demonstrated and supported it. It may be here that you also include your observations relating your study to the modern workplace or society (see your topic). Try to finish with flair!

6.     Use at least four (4) good quality academic sources, with one (1) source being the class text. Note: Wikipedia and other similar Websites do not qualify as academic resources.

 

Topic Choices  Choose just one (1) of the topics below:

  • Qualities of the Hero: Comparing Gilgamesh and Odysseus. Write an essay comparing these two (2) heroic figures from ancient epics of different cultures, especially focusing your analysis on the sources about their encounters with monsters: Gilgamesh encounters the monster guarding the forest, Humbaba, in Tablets 3-5 of the Epic of Gilgamesh (seehttp://www.ancienttexts.org/library/mesopotamian/gilgamesh/; scroll down to the Tablet links; think of “Tablet” numbers like chapter numbers).” Odysseus encounters Polyphemus the Cyclops in Book 9 of The Odyssey (see http://www.theoi.com/Text/HomerOdyssey9.html; from line 105 to the end). Your paper should:  

a) Compare Gilgamesh and Odysseus as to their heroic qualities, noting similarities and differences, using specific examples from the epics.

b) Summarize what this indicates about differences between ancient Mesopotamian and Greek cultures in their ideals and expectations.

c) From this comparison, suggest ways that current cultural ideals and expectations shape modern notions about role models and heroes.

 

  • Confucius and Aristotle on Virtue. Write an essay comparing these two (2) ancient thinkers on the concept of virtue or good ethical character and conduct. Stay focused on the issue; keep any biographical or other information short or limited. As much as possible, analyze their writings (in translation, of course), using Confucius’ Analects (athttp://classics.mit.edu/Confucius/analects.html ) and Aristotle’s Nicomachean Ethics (at http://classics.mit.edu/Aristotle/nicomachaen.html ). Your paper should:

a) Compare the teachings of Confucius and Aristotle on what constitutes virtue or good ethical character and conduct, noting similarities and differences in specific ideas or emphasis.

b) Consider what your findings suggest about differences between ancient Chinese and ancient Greek culture.

c) From this comparison, suggest ideas of virtue that can apply to ethics in a modern setting, such as a diverse workplace.   

 

  • Comparing Sculptures of Ancient India and Greece. Write an essay comparing the way gods and humans were depicted in sculpture in ancient India and Greece, and identify the cultural values and ideals that these art works reflect in each case. Your paper should:      

a) Using specific examples, compare the way gods and people were depicted in the sculptures of ancient India and Greece, noting similarities and differences.

b) Identify the cultural values and ideals that these art works reflect for each society.  

c) From this comparison, suggest a modern situation of artistic expression and the ways it reflects or counters prevailing cultural values.   

 

  • Comparing Ancient Skeptics. Write an essay comparing Lucretius and Wang Chong (=Wang Ch’ung), skeptical philosophers of ancient Rome and China. They were skeptical about popular religious and spiritual beliefs and widely-held superstitions. Lucretius was an Epicurean philosopher of Roman culture (Chapter 6). Wang Ch’ung was a thinker in ancient Chinese culture (Chapter 7). Focus your comparison on their writings as found at http://www.humanistictexts.org/lucretius.htm and http://www.humanistictexts.org/wangchung.htm#On Not Flying to Heaven. Your paper should:

a) Using examples from their writings, compare these two (2) thinkers on their views about specific subjects and on their approach in explaining and expressing their skepticism.

b) From this comparison, identify popular beliefs in each culture that seem similar and those that seem different.

c) From this comparison, suggest any modern situation in which materialist skeptics confront spiritual and religious beliefs, and comment on the considerations of free expression and cultural respect.     

 

  • Comparing Ancient Male Rulers. Take any two (2) of these rulers and write an essay comparing them: Ramses II, Shihuangdi, Constantine, Ashoka, Pericles, or Charlemagne. Select rulers from different cultures. You may also propose (for approval or not) a ruler not listed. Avoid lengthy quoting or lengthy close paraphrasing from biographical sources. Make it YOUR comparative analysis. Your paper should:

a) Compare the two (2) rulers in terms of their situation and methods of rule and their apparent ideals and practices, noting similarities and differences. Use specific examples.

b) Consider what your study suggests about the cultures over which they ruled, identifying any similarities and differences between the cultures.

c) From this comparison, suggest lessons about different types of effective leadership in the world of modern business and / or modern politics.   

 

  • Comparing Ancient Female Rulers. Compare the Tang Empress Wu Zetian (also known as Empress Wu or as Wu Zhao; ruled China around 690-705 AD) with either the Pharaoh Cleopatra (ruled Egypt around 51-31 BC) or the Pharaoh Hatshepsut (ruled Egypt around 1478-1458 BC). You may also propose (for approval or not) a female ruler not listed. Avoid lengthy quoting or lengthy close paraphrasing from biographical sources. Make it YOUR comparative analysis. Your paper should:

a) Compare the two (2) rulers in terms of their situation and ascent to power, their methods of rule, and their achievements and resourcefulness, noting similarities and differences. Use specific examples.

b) Consider what your study suggests about the cultures over which they ruled, identifying any similarities and differences between the cultures.

c) From this comparison, suggest lessons about different types of effective leadership by a female in the world of modern business and / or modern politics.   


The Project Paper will be graded on:

1.     The level to which the instructions were followed for the paper generally and for the specific topic.

2.     The establishment of a clear thesis about your topic.

3.     The adequacy and relevance of information, examples, and details which support the general thesis.

4.     Covering each part of the topic as instructed, including the comparisons, the consideration of ancient cultural differences, and the reflection on lessons for modern society or the modern workplace.

5.     The quality of your research and your persuasiveness using critical reasoning.

6.     The use and acknowledgement of a minimum of four (4) required references (the class textbook plus at least two (2) other quality academic sources) documented using the APA style –including both the use of a proper References list and the use of proper in-text citations.

7.     Adherence to standard rules of grammar, punctuation, paragraphing, and mechanics, and general clarity of presentation.

 

Your assignment must follow these formatting requirements:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides. Both in-text citations and a References list are required. Citations and references must follow APA style format. Check with your professor for any additional instructions specific to the selected topic. (Note: Students can find APA style materials located in the course shell for guidance).
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length. For our purposes, you may omit any abstract page.

The specific course learning outcomes associated with this assignment are:

  • Explain how key social, cultural, and artistic contributions contribute to historical changes.
  • Explain the importance of situating a society’s cultural and artistic expressions within a historical context.
  • Examine the influences of intellectual, religious, political, and socio-economic forces on social, cultural, and artistic expressions.
  • Identify major historical developments in world cultures during the eras of antiquity to the Renaissance.
  • Use technology and information resources to research issues in the study of world cultures.
  • Write clearly and concisely about world cultures using proper writing mechanics.

 

 

Week 3 stats hw | Statistics homework help

problems attached

ALL IN EXCEL 

 

Please submit your Homework Assignment as one Word file for your written answers and one Excel workbook containing self-explanatory worksheets to organize your quantitative work. Failing to comply with this policy or submitting unorganized documents will result in a score of zero.  please highlight answers in yellow

Answer the following:

Chapter 5: 5-3, 5-15, 5-21, 5-37, 5-38, 5-39

Smart refrigerator market plan (only a small sections its a group

Please read over the group attachment first and then refer to the attachment of the section i am responsible for

 

All needed information is attached

 

its suppose to be a made up product so there is no information needed to research it is mostly made up information so feel free to be creative.

 

I also included addition information to base the information off of that is very useful.

 

The product is a smart refrigerator that is used to make life easier and that is all explain it my group members section of the project.

 

my section is also highlighted in red to avoid confusion