1. Today you purchase a $1,000 par value bond with an annual coupon of
$65. The bond matures in 15 years from today. You paid the market
price for this bond which was $1,240. You also received your first
coupon payment of $65 today as you purchased the bond. What is the
bond's yield to maturity? Please show all work for this question.

2. Explain how you would discover the proper discount rate for your
company to use in calculating NPV, etc.

3. What factors make equity more expensive than debt for a company?

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Regards,
Scriptor