19)Kasey Corp. has a bond outstanding with a coupon rate of 5.8 percent and semiannual payments. The bond has a yield to maturity of 6.1 percent, a par value of $1,000, and matures in 25 years. What is the quoted price of the bond?

25)You are considering purchasing stock in Canyon Echo. You feel the company will increase its dividend at 3.1 percent indefinitely. The company just paid a dividend of $3.86 and you feel that the required return on the stock is 12.5 percent. What is the price per share of the company's stock?