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1. 5 years ago, you purchased a corporate bond for $946.41. At the time, the bond had a YTM of 10% and 9 years left

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1. 5 years ago, you purchased a corporate bond for $946.41. At the time, the bond had a YTM of 10% and 9 years left to maturity. Today, the YTM on your bond is 8%. With this information, can you calculate the current market price of your bond? Assume fixed annual coupon payments and a par value of $1,000 2. The C. Alice Stone Company's preferred stock pays a $16 dividend every year, with the next dividend due in one year. Investors require a 10% return on this preferred stock. What is its current market price? What will the price be immediately after the next dividend payment (P1) if the required rate of return does not change

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