7. Consider a 14-year bond with face value $1,000 that pays a 7.4% coupon semi-annually and has a yield-to-maturity of 6.8%. What is the approximate percentage change in the price of bond if interest rates in the economy are expected to decrease by 0.60% per year? Submit your answer as a percentage and round to two decimal places. (Hint: What is the expected price of the bond before and after the change in interest rates?) 8. Hackworth Company's common stock is expected to pay a $5,80 dividend in the coming year. If investors require a 24% return and the growth rate in dividends is expected to be 8%, what should the market price of the stock be? Round to two decimal places