17. What is the value of a bond that has a par value of $1000, a coupon of $400 (annually) and matures in 30 years? Assume a required rate of return of 15%. a) $2,642 b) $3,642 c) $5,642 d) $7,642 18. Preferred stock valuation usually treats the preferred stock dividend as a a) Capital asset b) Perpetuity c) Common stock d) Long-term bond 19. All of the following affect the value of a share of common stock except: a) The dollar amount of the dividends b) Investor's required rate of return c) The future growth rate for dividends d) The stock and paid-in capital amounts on the balance sheet 20. In an efficient securities market the market value of a security is equal to: a) Its liquidation value b) Its book value c) Its intrinsic value d) Par value