19.

Mokna Corporation issued bonds on January 1, 2015. The bonds have a coupon rate of 6.0%, with interest paid semiannually. The face value of the bonds is $1,000 and the bonds mature on January 1, 2040. What is the yield to maturity for a Mokna Corporation bond on January 1, 2021 if the market price of the bond on that date is $1,050?

		7.59%
		6.09%
		5.57%
		4.38%

20.

Quixy Corp. is expected to pay a dividend next year of $2.47 per share. The dividend is expected to grow at a constant rate of 4% per year. If Quixy Corp. stock is selling for $41.42 per share, what is the stockholders' expected rate of return? Submit your answer as a percentage and round to two decimal places (Ex. 0.00%)