Lance whittingham iv specializes in buying deep discount bonds. these represent bonds that are trading at well below par value. he has his eye on a bond issued by the leisure time corporation. the $1,000 par value bond pays 7 percent annual interest and has 16 years remaining to maturity. the current yield to maturity on similar bonds is 15 percent. a. what is the current price of the bonds? b. by what percent will the price of the bonds increase between now and maturity?

Identify the three components of a family's culture and provide one example from your own experience

Specialization—the division of labor—enhances productivity and efficiency by a) allowing workers to take advantage of existing differences in their abilities and skills. b) avoiding the time loss involved in shifting from one production task to another. c) allowing workers to develop skills by working on one, or a limited number, of tasks. d)all of the means identified in the other answers.

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.