Alloy has annual fixed operating costs of $200,000 and variable costs of $400 per camper. total fees charged to campers amount to $600 each. the camp expects 400 campers next summer. projected government grants are $100,000. how much must alloy raise from other sources to break even?
$50,000
$30,000
$60,000
$20,000

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: