8. Jim Busby calls his broker to inquire about purchasing a bond of Disk Storage Systems. His broker quotes a price of $1,280. Jim is concerned that the bond might be overpriced based on the facts involved. The $1,000 par value bond pays 14 percent interest, and it has 25 years remaining until maturity. The current yield to maturity on smiler bonds is 10 percent. Compute the new price of the bond and comment on whether you think it is overpriced in the marketplace 9. Jim Busby calls his broker to inquire about purchasing a bond of Disk Storage Systems. His broker quotes a price of $1,280. Jim is concerned that the bond might be overpriced based on the facts involved. The $1,000 par value bond pays 12 percent interest, and it has 30 years remaining until maturity. The current yield to maturity on smiler bonds is 12 percent. Compute the new price of the bond and comment on whether you think it is overpriced in the marketplace. 11. The preferred stock of Ultra Corporation pays an annual dividend of $6.30. It has a required rate of return of 9 percent. Compute the price of preferred stock