Complex systems has an outstanding issue of $1,000-par-value bonds with a 15% coupon interest rate. the issue pays interest annually and has 14 years remaining to its maturity date.

a. if bonds of similar risk are currently earning a rate of return of 14%, how much should the complex systems bond sell for today?

b. describe the two possible reasons why the rate on similar-risk bonds is below the coupon interest rate on the complex systems bond.

c. if the required return were at 15% instead of 14%, what would the current value of complex systems' bond be? contrast this finding with your findings in part a and discuss.

What is "staffing level"? a) the practice of assigning the same number of workers to each department b) the average educational level attained by employees of a business c) the rank above cashier d) the number of workers assigned to jobs at a particular time

Last week paul, ceo of quality furniture in south carolina, traveled to europe to visit customers. while overseas, paul checked his e-mail daily and showed his company's website to customers, explaining how the website will them place orders and receive merchandise more quickly. after visiting the last customer friday morning, paul was able to return to the corporate office in south carolina to meet with his board of directors that night. is the "shrinking" of time and space with air travel and electronic media.

Brian has just finished college. he wants to set up a small business to make and sell fireworks. he registers his company and acquires a license from the government. he finds that most of his competitors are selling fireworks at an extremely low price. he would like to make more money, so he decides to innovate and develop better fireworks. he sells his fireworks at a higher price, and they are a huge hit with the customers. after a few years, he earns enough profit to set up a bigger fireworks factory that complies with the government’s health and safety regulations. he even starts exporting fireworks overseas. which type of economy does this scenario describe?