Solve both of the bond problems below (parts (a) and (b)). For your work, show what you would key into the buttons on your financial calculator. (a) What is the price of a 5.000% semiannual coupon bond with yield to maturity of 4.500% and a tenor of 27 years. (b) What is the price of a 5.000% semiannual coupon bond with yield to maturity of 4.500% and a tenor of 2 years. (c) What is happening to the price of the bond as the tenor approaches zero (maturity)

Adrawback of short-term contracting as an alternative to making a component in-house is thata. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent. b. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality. c. it fails to allow a long planning period that individual market transactions provide. d. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.