Consider the following fixed income securities. CF1, CF2, CF3, CF4 refer to cash-flows in years one, two, three, and four. Asset Price CF CF2 CF3 CF4 YTM 1 99.010 100 0 0 0 2 96.117 0 100 0 0 2% 3 94.232 0 0 100 0 4 88.849 0 0 0 100 5 1051.568 0 0 100 1100 3.430%
(a) Please calculate the YTMs to complete the above table.
(b) Does an arbitrage opportunity exist? If so, please describe the strategy by stating which asset(s) you would buy, and which asset(s) you would sell in order to earn a riskless profit. Please make sure you indicate the relative amount of the assets in the arbitrage portfolio.

What two elements normally must exist before a person can be held liable for a crime

At the end of the week, carla receives her paycheck and goes directly to the bank after work to make a deposit into her savings account. the bank keeps the required reserve and then loans out the remaining balance to a qualified borrower named malik as a portion of his small business loan. malik uses the loan to buy a tractor for his construction business and makes small monthly payments to the bank to payback the principal balance plus interest on the loan. the bank profits from a portion of the interest payment received and also passes some of the interest back to carla in the form of an interest payment to her savings account. in this example, the bank is acting

phillips, inc. had the following financial data for the year ended december 31, 2019. cash $ 41,000 cash equivalents 75,000 long term investments 59,000 total current liabilities 149,000 what is the cash ratio as of december 31, 2019, for phillips, inc.? (round your answer to two decimal places.)