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Quriton 19 A ten-year bond pays 11% interest on a $1,000 face value annualy, it currently sells for $1
Quriton 19 A ten-year bond pays 11% interest on a $1,000 face value annualy, it currently sells for $1.195, what is its yield to maturity Not yet answered Points out of 1 P Flag question Select one: O A. 9.33% O B. 7.94% O C. 8.08% OD. 12.66% Question 20 Not yet An issue of preferred stock is paying an annual dividend of SS. The growth rate for the fum's common stock is 14% What is the preferred stock price if the required rate of return is 1147 answered Points out of 1 Select one: A $4545 P Flag question O B. 541.67 O C. $35.71 O D. none of the above Nest page Previous page
Expert Solution
| #19 | Face value | $ 1,000.00 |
| Coupon rate | 11% | |
| Coupon payment per period | $ 110.00 | |
| Years to maturity | 10 | |
| Current price | $ 1,195.00 | |
| Yield to maturity | 8.08% | |
| #20 | Preferred dividend | $ 5.00 |
| The required rate of return | 11% | |
| Preferred stock price | $ 45.45 |
Excel formulas:
pfa
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