3. Suppose a bank has financed a $2,000,000 6-year loan with an annual coupon rate of 5.75% with a 8-year $2,000,000 CD with a semiannual coupon rate 5.25%. The yield on the loan is 6.1% and the yield on the CD is 5.00%. a. Calculate the (i) durations and (ii) modified durations for the loan and the CD.

Kinkead inc. forecasts that its free cash flow in the coming year, i.e., at t = 1, will be −$10 million, but its fcf at t = 2 will be $20 million. after year 2, fcf is expected to grow at a constant rate of 4% forever. if the weighted average cost of capital is 14%, what is the firm's value of operations, in millions?

In the supply-and-demand schedule shown above, at the lowest price of $50, producers supply music players and consumers demand music players.

Almost 80% of business owners are clueless about the competition, resulting in a) lost market share and customers. b) needless lawsuits. c) uninspired products. d) lack of perseverance