Par Value $ 1,000 Time to Maturity 18 Years Coupon 9 % (paid annually) Current price $ 917.99 Yield to Maturity 12 % Given the bond described above, if interest were paid semi-annually (rather than annually) and the bond continued to be priced at $917.99, the resulting effective annual yield to maturity would be Multiple Choice

Answer flexible interest rates in the credit market cause any consumer saving to be exactly offset by business investment;

In the 10th grade, i was teamed up in a group of four. our project was on modern history. altho it seemed super hard for many of us. patrick fleming  took charge and showed us the understanding of this project.  his leadership showed great ethics and it taught me, personally, how to others understand, not just to show them, but explain it thoroughly. and altho he was a great teacher i would have changed a few things. one being his attitude. many times he would get frustrated and impatient with the group.  i think  a leader i would have done exactly  what he did but with much more patience and be there more to explain. such as lunch  learning. and giving everybody a chance to try to explain it in their  head. 

"undercapitalization"  is best described as the lack of funds to operate a business normally.