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8. Put the following in order of their claim on assets of a firm, starting with the FIRST to have a claim: I. Bonds II.

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8. Put the following in order of their claim on assets of a firm, starting with the FIRST to have a claim: I. Bonds II. Common Stock III. Preferred stock c. II, III, I 9. Butler Corp is expected to pay a dividend next year of $1.40 per share. The dividend is expected to grow at a constant rate of 3% per year. If Butler Corp stock is selling for $55.63 per share, the stockholders' expected rate of return is a. 5.52%. b. 6.31%. c. 7.22%. d. 10.90%. 10. The assuming you buy the bond at the current market price. of a bond is the expected return for holding the bond until maturity a. Intrinsic value b. Par value c. Current yield d. Yield to maturity paid a dividend of S1.70 on its common stock at the end of last 11. Filaska Corp. year. Dividends are expected to grow at a constant rate of 3% in the forseeable future. What is the intrinsic value of the stock if investors' required rate of return is 13%? a. $9.04 b. $11.56 c. $14.83 d. $17.53

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