A firm has a single issue of a zero coupon debt that promises to pay $90 in 4 years, and the A0 = $100, r = 4%, ? = 25%, and ? = 0. If the asset has a 2% chance of total default, what is the yield on the bond?

When faced with a network design decision, the goal of a manager is to design a network that minimizes the firm's costs while satisfying customer needs in terms of demand and responsiveness

Indicate whether the statement is true or false.

Japan exports Toshiba Computers to the United States, and the United States exports Apple Computers to Japan. This is an example of ________

A) mercantilism B) diversification C) interindustry trade D) intraindustry trade