A firm intends to issue callable, perpetual bonds with annual coupon payments and a par value of $1,000. The bonds are callable at $1,300. One-year interest rates are 9 percent. There is a 65 percent probability that long-term interest rates one year from today will be 13 percent, and a 35 percent probability that they will be 8 percent. Assuming that the bonds will be called if interest rates fall, what annual coupon should the bond pay in order to sell at par value

As sales exceed the break‑even point, a high contribution‑margin percentage (a) increases profits faster than does a low contribution-margin percentage (b) increases profits at the same rate as a low contribution-margin percentage (c) decreases profits at the same rate as a low contribution-margin percentage (d) increases profits slower than does a low contribution-margin percentage

Match the different financial task to their corresponding financial life cycle phases

Kendra knight took part in a friendly game of touch football. she had played before and was familiar with football. michael jewett was on her team. in the course of play, michael bumped into kendra and knocked her to the ground. he stepped on her hand, causing injury to a little finger that later required its amputation. she sued michael for damages. he defended on the ground that she had assumed the risk. kendra claimed that assumption of risk could not be raised as a defense because the state legislature had adopted the standard of comparative negligence. what happens if contributory negligence applies? what happens if the defense of comparative negligence applies?