What is the annual HPR if you buy the bond for $1,100, hold the bond for 5 years, sell it (immediately after the payment of the time 5 coupon) at a price corresponding to a YTM of 4%, and reinvest the intermediate coupons (over the first 5 years) until time 5 at a rate of 3%

The company is experiencing an increase in competition, and at the same time they are building more production facilities in southeast asia. in this scenario, the top management team is most likely to multiple choice increase the cost of their products. restructure to reflect a more bureaucratic, stable organization. pull decision-making responsibility from low-level management, taking it on themselves. give lower-level managers the authority to make decisions to benefit the firm. rid themselves of all buffering product.