Kyan owns investment a and 1 bond b. the total value of his holdings is $6,600. investment a is expected to pay annual cash flows to kyan forever with the first annual cash flow expected in 1 year from today. investment a has an expected return of 11.49 percent. the first cash flow is expected to be $515 in 1 year and annual cash flows are expected to increase by 2.21 percent each year forever. bond b pays semi-annual coupons, matures in 9 years, has a face value of $1000, has a coupon rate of 12.66 percent, and pays its next coupon in 6 months. what is the yield-to-maturity for bond b? answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.

Agood for which demand increases as income rises is and a good for which demand increases as income falls is

The master manufacturing company has just announced a tender offer for its own common stock. master is offering to buy up to 100% of the company's stock at $20 per share contingent on at least 64% of the outstanding shares being tendered. after the announcement of the offer, the stock closed on the nyse up 2.50 at $18.75. a customer has 100 shares of master stock in his cash account. the customer tells you that he wishes to "cash out" his position. you should recommend that the customer:

scenario: hawaii and south carolina are trading partners. hawaii has an absolute advantage in the production of both coffee and tea. the opportunity cost of producing 1 pound of tea in hawaii is 2 pounds of coffee, and the opportunity cost of producing 1 pound of tea in south carolina is 1/3 pound of coffee. which of the following statements is true? a. south carolina should specialize in the production of both tea and coffee. b. hawaii should specialize in the production of tea, whereas south carolina should specialize in the production of coffee. c. hawaii should specialize in the production of coffee, whereas south carolina should specialize in the production of tea. d. hawaii should specialize in the production of both tea and coffee.