When originally issued, an investment in the bonds of Flushing Dough, Inc., promised to provide an annual coupon of 7.00%. The bonds have 4 years until maturity, a market price of $815, and are expected to pay all coupons on time. At maturity, however, the bonds are only forecasted to pay 88% of their par value. What is the likely yield to maturity on the bonds

Miami incorporated estimates that its retained earnings break point (bpre) is $21 million, and its wacc is 13.40 percent if common equity comes from retained earnings. however, if the company issues new stock to raise new common equity, it estimates that its wacc will rise to 13.88 percent. the company is considering the following investment projects: project size irr a $4 million 14.00% b 5 million 15.10 c 4 million 16.20 d 6 million 14.20 e 1 million 13.42 f 6 million 13.75 what is the firm's optimal capital budget?