(a) George has been offered the opportunity topurchase a 9%, $10,000 bond due in 10 years.The bond dividend is paid semiannually.George expects an 8% per year, compoundedsemiannually return on his investments. Usea spreadsheet to graph the sensitivity in PWvalue if there is a 30% change in (1) facevalue, (2) dividend rate, or (3) required nominalrate of return.(b) If George purchases the $10,000 face-valuebond at a premium of 5%, and all other estimatesare correct, that is, 0% change, didhe pay too much or too little? By howmuch?
CHAPTER 6 Excavation, Grading, and compacted Fill 1. When we remove soil or rock, we make a cut or excavation 2. When we add soil or rock, we create a fill embankment 3. Virtually highways require earthwork to create smooth grades an alignments to provide proper surface drainage. 4. EARTHWORK is important especially in hilly areas. 6.1 Earthwork construction: 1. The fundamental objective of earthwork construction is to change the ground Surface from initial configuration to final configuration 2. These changes are necessary to maintain proper surface drainage 3. Earthwork must not create slope stability problems in hilly and mountainous areas In 1960: building codes began to include stricter req
