Suppose the current yield on a​ one-year zero-coupon bond is 4%, while the yield on a​ five-year zero-coupon bond is 6% Neither bond has any risk of default. Suppose you plan to invest for one year. You will earn more over the year by investing in the​ five-year bond as long as its yield does not rise above what​ level? ​ (Assume $1 face value​ bond.) ​Hint: It is best not to round intermediate calculationsmake sure to carry at least four decimal places in intermediate calculations.

Salge inc. bases its manufacturing overhead budget on budgeted direct labor-hours. the variable overhead rate is $8.10 per direct labor-hour. the company's budgeted fixed manufacturing overhead is $74,730 per month, which includes depreciation of $20,670. all other fixed manufacturing overhead costs represent current cash flows. the direct labor budget indicates that 5,300 direct labor-hours will be required in september. the company recomputes its predetermined overhead rate every month. the predetermined overhead rate for september should be: