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On September 1, 2012, Al buys a bond for $15,000 that makes coupon payments of $750 after each of the following three years and returns its principal of $15,000 at the end of the three years. In other words, it is a standard coupon bond with a 5 percent annual interest rate making payments once each year
On September 1, 2013, Al receives his first coupon payment of $750. At that time, the market interest rate on bonds like Al's has risen to 6 percent. Al sells his bond to Biff at that time, for a price equal to the present value of the bond's payments.
How much does Biff pay Al for the bond?
Using Porter's diamond framework for national competitiveness, discuss the success of the software industry in India. How do the four factors in Porter's diamond explain the s
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