The price of a 3-year zero coupon government bond is 85.16. The price of a similar 4-year bond is 79.81. What is the yield to maturity (effective annual yield) on the 4-year bond?

A Purchasing Agent, wishing to dispose of waste plastic from one of their processes should first

contact: A) the supplier. B) local government regulators. C) plant maintenance. D) a buyer of waste materials. E) the customer who buys the products.

Potential applications of the break-even model include

A) optimizing the cash-marketable securities position of a firm. B) pricing policy. C) replacement for time-adjusted capital budgeting techniques. D) all of the above.