Dwayne worked for a 500-employee manufacturer in the rust belt. the company closed his plant with no advance notice to employees as it failed and applied for bankruptcy. he showed up for work one monday and saw a sign on the fence announcing the plant closing and the bankruptcy. what protection is dwayne given under w. a.r. n.?

Bond x is noncallable and has 20 years to maturity, a 7% annual coupon, and a $1,000 par value. your required return on bond x is 10%; if you buy it, you plan to hold it for 5 years. you (and the market) have expectations that in 5 years, the yield to maturity on a 15-year bond with similar risk will be 9.5%. how much should you be willing to pay for bond x today? (hint: you will need to know how much the bond will be worth at the end of 5 years.) do not round intermediate calculations. round your answer to the nearest cent.