An organization has to come up with ground-breaking designs and meet firm deadlines. the culture of the company values assertiveness, invention, and risk taking. the members of the organization accept these cultural values. in addition to this, the culture of the advertising department is outcome-oriented and the risk management department emphasizes attention to detail. this organization’s culture is an example of a(n)

Bonds often pay a coupon twice a year. for the valuation of bonds that make semiannual payments, the number of periods doubles, whereas the amount of cash flow decreases by half. using the values of cash flows and number of periods, the valuation model is adjusted accordingly. assume that a $1,000,000 par value, semiannual coupon us treasury note with three years to maturity has a coupon rate of 3%. the yield to maturity (ytm) of the bond is 7.70%. using this information and ignoring the other costs involved, calculate the value of the treasury note: