Jessie, Inc. has 4-year zero-coupon bonds outstanding, which will pay $1,000 at maturity. The assets are valued at $900, ? = 0.25, r = 0.045, and the company does not pay a dividend. Using a Black-Scholes model, what is the yield on debt?

Which of the following is a condition that contributes to high performance?

A. Teams perform work only if the employees are interested in a project. B. Work design gives employees the opportunity to utilize a variety of skills. C. Training is not ongoing, but it is implemented when necessary. D. Changes to layout and work methods are handled by management. E. Employees' rewards and compensation relate mainly to individual performance.

A marketing plan should:

a. be viewed as a series of sequential steps. b. be developed independently of the external business environment. c. define the business mission. d. exclude budgets and pricing.