#17 A taxable bond with a coupon rate of 7.00% has a market price of 98.39% of par. The bond matures in 17.00 years ans pays semi-annually. Assume an investor has a 39.00% marginal tax rate. The investor would prefer otherwise identical tax-exempt bond if it's yield to maturity was more than % Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924) unanswered not_submitted Attempts Remaining: 5 #18 A firm issues preferred stock with a dividend of $4.33. If the appropriate discount rate is 11.37% what is the value of the preferred stock? Submit Answer format: Currency: Round to: 2 decimal places