A firm has a single issue of a zero coupon debt that promises to pay $40 in 5 years, and the A0 = $50, r = 4%, ? = 12%, and ? = 0. If the asset has a 5% chance of total default, what is the value of the debt?

Profit-sharing plans share company profit based on

a. past financial results. b. monthly expectations. c. individual performance results. d. future financial results. e. projected financial results.

What are the three dispute settlement organs carrying out the Dispute Settlement Understanding?

What will be an ideal response?