Suppose you purchase a 9-year aaa-rated swiss bond for par that is paying an annual coupon of 5 percent and has a face value of 2,600 swiss francs (sf). the spot rate is u. s. $0.7 for sf1. at the end of the year, the bond is downgraded to aa and the yield increases to 7 percent. in addition, the sf depreciates to u. s. $0.74074 for sf1.

a. what is the loss or gain to a swiss investor who holds this bond for a year?

b. what is the loss or gain to a u. s. investor who holds this bond for a year?

Select the correct answers. mila is at a flea market. she has $50 in her wallet. she decides that she will spend $15 on jewelry, $20 on a pair of jeans, $5 on a t-shirt, and $10 on something to eat. she likes a one-of-a-kind t-shirt, but the seller is not ready to sell it for less than $8. she thinks of five ways to deal with this situation. which two choices indicate a trade-off?

Alandlord rented an art studio to an artist. under the terms of the signed, written, two-year lease, the artist agreed to pay the landlord $1,000 per month and to assume responsibility for all necessary repairs. after the first year of the lease, the artist assigned the balance of his lease to a sculptor. the landlord approved the sculptor as a tenant and accepted two rent payments from her, and then the landlord sold the building to an investor. the sculptor had made two payments to the investor when an electrical fire broke out in the studio, injuring the sculptor. the fire was caused by faulty wiring. the landlord was aware that there was a dangerous wiring problem when he leased the property to the artist. but when the landlord discovered how costly repairs would be, he decided it would be more profitable to sell the property than to repair it. the problem was not easily discoverable by anyone other than an expert electrician, and the landlord did not tell the artist, the sculptor, or the investor about the problem. the sculptor sues to recover damages for her injuries. from whom can the sculptor recover?

Why do police officers get paid less than professional baseball players?