Mr. Andrews in an investor who is willing to invest some amount in the financial securities for a period of 7 years. Company ZTC is offering a 7 year zero-coupon bond of the face value of $5,000. The yield-to-maturity (YTM) of this zero-coupon bond is 5.00% with semi-annual compounding. Mr. Andrews is really interested in buying this bond and wants to know the maximum current price of this bond he must pay?

Listed below are several transactions that took place during the first two years of operations for the law firm of pete, pete, and roy.year 1 year 2amounts billed to clients for services rendered $ 170,000 $ 220,000 cash collected from clients 160,000 190,000 cash disbursements salaries paid to employees for services rendered during the year 90,000 100,000 utilities 30,000 40,000 purchase of insurance policy 60,000 0 in addition, you learn that the company incurred utility costs of $35,000 in year 1, that there were no liabilities at the end of year 2, no anticipated bad debts on receivables, and that the insurance policy covers a three-year period.required: 1. & 3. calculate the net operating cash flow for years 1 and 2 and determine the amount of receivables from clients that the company would show in its year 1 and year 2 balance sheets prepared according to the accrual accounting model.2. prepare an income statement for each year according to the accrual accounting model.