To the nearest dollar, what is the current price of a 9%, $1,000 annual coupon bond that has eighteen years to maturity and a yield to maturity of 7.01%?

Globe Cars, a leading automobile ancillary firm in China, has decided to form a global alliance with Fulda, a German tire manufacturing company. Which of the following is a primary challenge that Globe Cars is most likely to face in this alliance?

A) existing competitors B) risk of investment C) extreme trade barriers in China D) differences in national cultures

Which of the following is the most likely benefit of a network structure?

A) encouraging competition among members for resources B) facilitating supplier changes anywhere in the value chain C) developing core competencies in a broad range of value activities D) maintaining a strong sense of organization in the face of dynamic partnerships