5. You take your answer to question 4 to your parent and say, "Hey, why didn't you think ahead and buy me this coat the year I was born??? Look at all the money we could have saved!” Aside from the fact that your parent
had no way of knowing you'd want a North Face almost two decades later, your parent disagrees with your logic
and says there wouldn't have been any savings by buying the coat in your birth year. Why is your parent making
this claim?

Bond x is noncallable and has 20 years to maturity, a 7% annual coupon, and a $1,000 par value. your required return on bond x is 10%; if you buy it, you plan to hold it for 5 years. you (and the market) have expectations that in 5 years, the yield to maturity on a 15-year bond with similar risk will be 9.5%. how much should you be willing to pay for bond x today? (hint: you will need to know how much the bond will be worth at the end of 5 years.) do not round intermediate calculations. round your answer to the nearest cent.

Fanning books buys books and magazines directly from publishers and distributes them to grocery stores. the wholesaler expects to purchase the following inventory: april may june required purchases (on account) $ 111,000 $ 131,000 $ 143,000 fanning books accountant prepared the following schedule of cash payments for inventory purchases. fanning books suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. required complete the schedule of cash payments for inventory purchases by filling in the missing amounts. determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.

Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. she might want to open a