Consider two bonds, a 3-year bond paying an annual coupon of 5%, and a 20-year bond, also with an annual coupon of 5% both bonds currently sell at par value. now suppose that interest rates rise and the yield to maturity of the two bonds increases to 8%

a. what is the new price of the 3-year bond? (round your answer to 2 decimal places.) price of the 3-year bond

b. what is the new price of the 20-year bond? (round your answer to 2 decimal places.) price of the 20-year bond

c. do longer or shorter maturity bonds appear to be more sensitive to changes in interest rates?

a. longer

b. shorter

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For each of the following users of financial accounting information and managerial accounting information, specify whether the user would primarily use financial accounting information or managerial accounting information or both: 1. sec examiner 2. bookkeeping department 3. division controller 4. external auditor (public accounting firm) 5. loan officer at the company's bank 6. state tax agency auditor 7. board of directors 8. manager of the service department 9. wall street analyst 10. internal auditor 11. potential investors 12, current stockholders 13. reporter from the wall street journal 14. regional division managers

John's pizzeria and equilibrium john is selling his pizza for $6 per slice in an area of high demand. however, customers are not buying his pizza. using what you learned about the principles of equilibrium, write three to four sentences about how john could solve his problem.