2. Assume the market price of a 5-year bond for IBM is $970 and it has a par value of $1000. The bond has an annual interest of 8% which is paid annually. What is the Yield to Maturity (YTM) of the bond? 3. Assume you have a bond with a semi-annual interest payment of $45, on a par value of $1000, and a current market price of $850. What is the current yield of the bond? 4. If a preferred stock pays 8% on its par value of $1000, and your required rate of return is 12%, what is the stock worth to you? 5. If you purchased shares of common stock that pay an end-of-year dividend of $10, what is the expected rate of return if you purchased the stock for $50 per share? Assume the stock is expected to have a constant growth rate of 10%. 6. Kathy Corporation paid $5.25 in dividends per share last year. The firm's projected growth rate is 10% and is expected to remain so in the near future. If the investor's required rate of return is 15%, what is the value of the stock