a) A Plantation company has $1,000,000 to distribute in dividends. There are x shares of preferred stock which earns dividends at $1.55 per shares and 500,000 shares of common stock. Last year, no dividends were paid. After the dividends in arrear was paid to preferred stockholders, the remaining balance is $876,000. Find: a. The value of x. (2 marks) b. The dividend per share for common stockholders (2 marks) b) A 5-year $100,000 bond interest at j2 = 9% is redeemable at 105. Yield to maturity is 10% compounded semi-annually. a. Find the purchase price (4 marks) b. State whether the bond is purchased at a premium or discount. Give your reason. (1 mark)