4) Smokey's CBD Shop has bonds outstanding with a face value of $5,000. They have 7 years left to maturity and pay annual interest of 6%. If the bonds are currently trading for a price of $4,245, what is the yield to maturity? 5) Deacon's Dapper Dressers has $10,000 bonds outstanding with 3 years left to maturity. They pay annual interest of 8% on a quarterly basis. If the current yield on similar bonds is 12%, what is the price of Deacon's bonds? 6) Years ago Spencer's Splendid Sock Company issued preferred stock shares that pay a fixed dividend of $11. The required return by investors at the time was 7%, though now it has risen to 13%. a. What was the price of Spencer's preferred shares when they were issued? b. What is the current price? 7) Milo's Milk and Dairy Products issued preferred shares with a $6 fixed dividend. They were priced at $48. What was the required return on these shares?