8) What should be the price of a stock that offers a $4 annual dividend with no prospects of growth, and has a required return of 12.5 percent? A) $32.00 SAB ) $50.00 C) $25.00 D) $8.50 8) 9) 9) A bond has a coupon rate of 8%, pays interest semiannually, sells for $960, and matures in 3 years. What is its yield to maturity? A) 4.78% B) 9.57% C) 5.48% D) 12.17%