6. A 10-year bond pays 7% annually on a face value of $1,000. If similar bonds are currently yielding 4%, what is the market value of the bond? Use semi-annual analysis.

7. A 10-year zero-coupon bond that yields 6% is issued with a $1,000 par value. What is the issuance price of the bond?

8. An issue of preferred stock is paying an annual dividend of $1.25. The growth rate for the firm's common stock is 5.5%. What is the preferrede stock price if the required rate of return is 7.5%?