A company's bond has a coupon rate of 4.00% and has 16 years remaining until maturity. The company's bonds pay interest semi-annually. Due to a cash flow problem, the company will be unable to pay the interest payments for periods 8, 9, and 10. These missed payments will be repaid in one lump sum when the bond matures, without interest. If the Yield to Maturity (YTM) on similar bonds is 11%, what is the intrinsic value of this bond?

"jake’s roof repair has provided the following data concerning its costs: fixed cost per month cost per repair-hour wages and salaries $ 20,900 $ 15.00 parts and supplies $ 7.70 equipment depreciation $ 2,800 $ 0.35 truck operating expenses $ 5,720 $ 1.60 rent $ 4,690 administrative expenses $ 3,850 $ 0.50 for example, wages and salaries should be $20,900 plus $15.00 per repair-hour. the company expected to work 2,600 repair-hours in may, but actually worked 2,500 repair-hours. the company expects its sales to be $47.00 per repair-hour. required: compute the company’s activity variances for may."