A musician is looking to sell off future royalties income in return for an upfront payment. His banker plans to raise $55 million by releasing $10,000 ten-year bonds. Each bond pays dividends semi-annually at a rate of 7.9% per year.

a) What amount will a bond purchaser receive each 6 months?

b) What amount will the purchaser receive at the end of ten years?

About 20 years ago, sturdy light, inc., produced a sturdy, lightweight backpack in a market that was rapidly growing. sturdy light became a leader in this market. eventually, the backpack market reached the maturity stage and slowed down. however, by this time, sturdy light had developed a strong brand name and continued to steadily lead the market. which of the following describes this scenario? a. sturdy light was a star that developed into a cash cow. b. sturdy light was a question mark that developed into a star. c. sturdy light was a dog that developed into a question mark. d. sturdy light was a cash cow that developed into a star.