With which type of team are you more likely to exploit the benefits of comparative advantage?

Solstice Corporation issued a 3% bond four years ago at par value. The market interest rate on comparable bonds today is 4%

A) This bond sells at a discount and the coupon rate is higher than the yield. B) This bond sells at a premium and the coupon rate is lower than the yield. C) This bond sells at a discount and the coupon rate is lower than the yield. D) This bond sells at a premium and the coupon rate is higher than the yield.

The life expectancy of a particular brand of tire is normally distributed with a mean of 40,000 and a standard deviation of 5,000 miles. What percentage of tires will have a life of 34,000 to 46,000 miles?

a. 38.49% b. 76.98% c. 50% d. 88.49%