In january 2016, anheuser-busch issued an outstanding bond that pays a 3.5% coupon rate, matures in january 2023, and has a yield to maturity of 3.02%. in january 2017, santander holdings issued an outstanding bond that pays a 3.571% coupon rate, matures in january 2023, and has a yield to maturity of 3.341%. a. does the anheuser-busch bond sell at a premium, at par, or at a discount? how do you know? what about the santander bond? b. which bond would you guess has a higher rating? why? c. can you draw any conclusion about the shape of the yield curve, either now or when these bonds were first issued, from the information given in the problem? why or why not?

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.