1). Consider the following three bond quotes: a Treasury bond quoted at 103:25, a corporate bond quoted at 96.50, and a municipal bond quoted at 100.90. If the Treasury and corporate bonds have a par value of $1,000 and the municipal bond has a par value of $5,000, what is the price of the treasure bonds in dollars?

Treasure bond?

2). One-year Treasury bills currently earn 3.05 percent. You expect that one year from now, 1-year Treasury bill rates will increase to 3.25 percent and that two years from now, 1-year Treasury bill rates will increase to 3.75 percent. The liquidity premium on 2-year securities is 0.10 percent and on 3-year securities is 0.20 percent. If the liquidity premium theory is correct, what should the current rate be on 3-year Treasury securities?

Current Rate?

3). A preferred stock from Hecla Mining Co. (HLPRB) pays $4.00 in annual dividends.

If the required return on the preferred stock is 7.00 percent, what is the value of the stock? Round 2 decimal places

Value of stock?