In january 2016, anheuser-busch issued an outstanding bond that pays a 3.5% coupon rate, matures in january 2023, and has a yield to maturity of 3.02%. in january 2017, santander holdings issued an outstanding bond that pays a 3.571% coupon rate, matures in january 2023, and has a yield to maturity of 3.341%. a. does the anheuser-busch bond sell at a premium, at par, or at a discount? how do you know? what about the santander bond? b. which bond would you guess has a higher rating? why? c. can you draw any conclusion about the shape of the yield curve, either now or when these bonds were first issued, from the information given in the problem? why or why not?

Agood for which demand increases as income rises is and a good for which demand increases as income falls is

Afreelance​ singer-songwriter is planning the restoration of a recently purchased civil​ war-era farmhouse. while he professes an enjoyment​ of, and talent in the construction​ trades, the theory of comparative advantage implies that a. the value of what he imports​ (in this​ case, professional contractor​ services) must equal the value of what he exports​ (songs). b. he should concentrate on the restoration work since his​ out-of-pocket costs will be much lower than if he hires professionals. c. ​self-sufficiency is​ advantageous, hence he should split his time between music and construction. d. the income lost while away from music will likely exceed the savings realized by doing the work​ himself, thus, he should hire professionals to do the restoration work. e. he ought to do as much of the work himself as possible since imports​ (in this​ case, professional contractor​ services) should always be restricted to those things that cannot be done internall

Arecession is defined as a period in which