32. A bond will sell at a discount (below par value) if a the market value of the bond is less than the present value of the discount rate of the bond b. current market interest rates are moving in the same direction as bond values investor's current required rate of rcturm is abone the coupon ratc of the bond. d. the economy is booming. 33. Braun Tube Company just paid a dividend of $2.41 per share at the end of last year Future dividends are expected to grow at a constant rate of 1.89% per year forthe forseeable future. What is the intrinsic value of the stock if your required rate of retam is 12.47%? a $28.15 b.$24.88 c.$23.21 d. $20.94 34. One year ago Scully bought 500 shares of Hitchcock, Inc. at $38.04 per share. Today, Scully decides to sell all of his shares at $36.87 per share. If Hitchcock, Inc. distributed $3. 16 per share in dividends over the last year, what is Scully's HPR? a, 4.15% b. 5.23% c. 7.00% d. 8.78% 35. A corporation should use thedecision criteria when ranking independent and non-repeatable projects a. Discounted Payback Period b. Modified Internal Rate of Return Net Present Value d. Profitability Index 9 of 11