A corporate bond has a 15 year maturity, an 8% semi-annual coupon, and a par value of $1,000. The current interest rate is 6%, based on semi-annual compounding. What is the bond's current market price? Select one: a. $1,119.38 b. $724.70 C. $1,196.00 d. $1,980.02 A firm has 8% dividend preferred stock with a par value of $100 issued and outstanding. The stock is currently selling for $98.50 in the market today. If the firm is to ssue new preferred shares to fund a portion of the new capital expenditures, what is the cost of new preferred share funding? Select one: a. 8.12% b. 8.88% c. 8.00% d. 7.88%