In: Finance

# PLEASE SHOW ALL WORKING For dollar amounts, give your answer to the nearest cent. For interest...

For dollar amounts, give your answer to the nearest cent. For interest rates, give our answer as a percentage rounded to 2 decimal places. If any parts of the question use values from earlier parts, use the EXACT values from earlier parts.

QUESTION START

a) Describe the key feature of a zero-coupon bond. (1 mark)

b) “The price of a zero coupon bond should be equal to its face value.” True or false? Explain.

c) “The yield to maturity of a discount bond is greater than its coupon rate.” True or false? Explain.

##### For the answers to this question, round dollar figures to the nearest dollar and show all...
For the answers to this question, round dollar figures to the nearest dollar and show all percents to two decimal points. Set up a skeletal statement using the following figures: Net sales $286,800 Gross margin$145,121 Profit 2.80%