6. Gugenheim offers a 30 -year coupon bond with semiannual payments. The yield to maturity is 9 percent and the bonds sell at 19.4 percent of par. What is the closest to the coupon rate? A. 11.89% B. 0.04% C. 1.19% D. 0.59% E. 0.09% 7. All else constant, as the market price of a bond, increases the yield to maturity , and as the market price of a bond decreases the current yield A. decreases; decreases. B. increases; decreases. C. increases; increases. D. decreases; increases. E. remains constant; increases. Stock Valuation 8. Webster's common stock is $14.45 share. You desire a rate of return of 5.7 percent a year. Webster's preferred stock pays an annual dividend of $12.25 a share. What is the closest to the maximum price you should pay today to purchase this preferred stock? A. $214.91 B. $61.22 C. $261.89 D. $253.5 E. $163.33