sued 20-year bonds 15 years ago when market interest rates were relatively high. The bonds have a coupon rate of 8.125%, semiannual payments, and a par value of $1,000. a. Given current market interest rates and the risk of the company, investors require a return of 3% to invest in these bonds. What is the intrinsic value of the bond? b. Suppose the bond’s closing price is quoted at 121.50. What is the bond's current yield? c. If you buy the bond at the quoted closing price, what is the bond's yield to maturity?

Haley photocopying purchases a paper from an out-of-state vendor. average weekly demand for paper is 150 cartons per week for which haley pays $15 per carton. in bound shipments from the vendor average 1000 cartoons with an average lead time of 3 weeks. haley operates 52 weeks per year; it carries a 4-week supply of inventory as safety stock and no anticipation inventory. the vendor has recently announced that they will be building a faculty near haley photocopying that will reduce lead time to one week. further, they will be able to reduce shipments to 200 cartons. haley believes that they will be able to reduce safety stock to a 1-week supply. what impact will these changes make to haley’s average inventory level and its average aggregated inventory value?