Some risk-free discount bonds of various maturities are traded in the market: Current price Future Cash Flow at Time t
t=0 1 2 3
B1 $950 $1000 0 0
B2 $850 0 $1000 0
B3 $750 0 0 $1000

Suppose you anticipate to receive $1,050,000 at t = 1 and $1,800,000 at t = 2.
How much can you obtain at t = 3, risk-free, by using the three mentioned discount bonds? Explain.​

What is the most direct result of free trade supplying productive resources to areas where they're most needed? a. enhanced efficiency b. lower interest rates c. increasing specialization d. greater competition 2b2t

Bonds often pay a coupon twice a year. for the valuation of bonds that make semiannual payments, the number of periods doubles, whereas the amount of cash flow decreases by half. using the values of cash flows and number of periods, the valuation model is adjusted accordingly. assume that a $1,000,000 par value, semiannual coupon us treasury note with three years to maturity has a coupon rate of 3%. the yield to maturity (ytm) of the bond is 7.70%. using this information and ignoring the other costs involved, calculate the value of the treasury note:

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak