Suppose you just purchased a corporate bond with a par value of $1,000 for $951.25. It carries a 7% coupon rate and will mature in 5 years. What is the yield to maturity?

Which of the following defenses would a surety be able to assert successfully to limit the surety's liability to a creditor?

A. A discharge in bankruptcy of the principal debtor. B. A personal defense the principal debtor has against the creditor. C. The incapacity of the surety. D. The incapacity of the principal debtor.

Bonuses reward _________ behaviour, rather than historical performance and are ________ rewards rather than ongoing entitlements.

a. intrinsic, current b. recent, one-time c. extrinsic, one-time d. innovative, current e. innovative, intrinsic