The processing times of four jobs are given as follows: Job Processing time (minutes)
A 10
B 24
C 16
D 20
Assume the jobs arrived in alphabetical order of the job name and no other job arrives in the next 70 minutes. What is the average flow time in minutes if the jobs are processed in shortest processing time order?
a. 38
b. 70
c. 152
d. 18

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: