Gilligan Co.'s bonds currently sell for $1,230. They have a 6.75% annual coupon rate and a 15-year maturity, and are callable in 6 years at $1,067.50. Assume that no costs other than the call premium would be incurred to call and refund the bonds, and also assume that the yield curve is horizontal, with rates expected to remain at current levels on into the future. Under these conditions, what rate of return should an investor expect to earn if he or she purchases these bonds, the YTC or the YTM?

Runners run around the school's football field. the cross country coach determines that the width of the field is seventy yards shorter than the length. part a write an expression that represents the perimeter of the football field. let x represent the length of the football field. include parentheses in your expression. next, write an equivalent expression that does not include parentheses. what property or properties did you use to simplify? explain. part b the cross country coach later determines that the length of the football field is 120 yards. all students must run five laps. using your answer from part a, determine the actual number of yards that each athlete must run in the tryouts. in order to make the team, students must complete the laps in 6 minutes. how quickly must they run each lap?