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Homework answers / question archive / 1)A $1,000 bond with a coupon rate of 5% paid semi-annually has 8 years to maturity and a yield to maturity of 9%
1)A $1,000 bond with a coupon rate of 5% paid semi-annually has 8 years to maturity and a yield to maturity of 9%. The price of the bond is closest to $________. Input your answer without the $ sign and round your answer to two decimal places.
2) Camille's Café is considering a project that will not produce any sales but will decrease cash expenses by $12,000. If the project is implemented, taxes will increase from $23,000 to $24,500 and depreciation will increase from $4,000 to $5,500. What is the amount of the operating cash flow using the top-down approach? (8 points)
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