A 12% preference share of Sim Ltd was issued at $4 per share. Currently the market is expecting 16% return from similar risky preference shares. Calculate the market anticipated price for this preference share. A current 8% bond of Kim Ltd pays a coupon semi-annually. This $1,000 par value bond will mature after 12 years from now. The market yield for similar risky bonds is 9%. What price should you pay for this bond