An investor creates a portfolio with two bonds, each with a par value of $1,000. You are given: The first bond matures in 3 years. The first bond has an annual effective yield of 3%. The first bond pays annual coupons of 4%. The second bond matures in 5 years. The second bond has an annual effective yield of 6%. The second bond is a zero coupon bond. Calculate the modified duration of the portfolio.

As he explores his options, sergio notices that some opportunities appear to be riskier than others. when considering various opportunities, sergio should keep in mind that:

Down under products, ltd., of australia has budgeted sales of its popular boomerang for the next four months as follows: unit salesapril 74,000may 85,000june 114,000july 92,000the company is now in the process of preparing a production budget for the second quarter. past experience has shown that end-of-month inventory levels must equal 10% of the following month’s unit sales. the inventory at the end of march was 7,400 units. required: prepare a production budget by month and in total, for the second quarter.

Sally has a high-paying management position with a fortune 500 company, but she is tired of working for corporate america. so sally has decided to start a business, and she knows she will be successful as an entrepreneur because entrepreneurs typically