The Isabelle Corporation rents prom dresses in its stores across the southern United States. It has just issued a five-year, zero-coupon corporate bond at a price of $74. You have purchased this bond and intend to hold it until maturity. Required:
a. What is the yield to maturity of the​ bond?
b. What is the expected return on your investment​ (expressed as an​ EAR) if there is no chance of​ default?
c. What is the expected return​ (expressed as an​ EAR) if there is a 100% probability of default and you will recover 90% of the face​ value?
d. What is the expected return​ (expressed as an​ EAR) if the probability of default is 50% in good​ times, the likelihood of default is higher in bad times than good​ times, and, in the case of​ default, you will recover 90% of the face​value?

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

there's 11 people for the 1st position. then, no matter who gets it, there's only 10 left for the second, and then 9 left for the third. 11 x 10 x 9 = 990.   the answer is there are 990 different ways the positions can be filled by these applicants