6.) A 7.5%, 9-year bond sells for how much if it has a 10% yield?

		$853.88
		$1,045.39
		$904.26
		$824.66
		none of these

7.) A common stock will pay a $3.20 dividend, expected to grow at a constant rate of 2%. If the stock sells for $27, what is the return?

		13.34%
		12.21%
		14.49%
		13.85%
		none of these

8.) A perpetual bond sells for $885 and pays a semiannual coupon in the amount of $34. What is the annualized yield for the bond?

		7.68%
		12.22%
		4.96%
		8.04%
		none of these