A coupon bond that pays interest annually has a par value of $1,000, matures in 5 years, and has a yield to maturity of 12%. If the coupon rate is 9%, the intrinsic value of the bond today will be Round your answer to 2 decimal places. Bond A and B both presently are selling at their par value of $1,000. Each pays interest of $120 annually. Bond A will mature in 5 years, while bond B will mature in 8 years. If the yields to maturity on the two bonds change from 10% to 13%, O both bonds will decrease in value but bond A will decrease more than bond B both bonds will decrease in value but bond B will decrease more than bond A O both bonds will increase in value but bond A will increase more than bond B O both bonds will increase in value but bond B will increase more than bond A May Corp. has come out with a new and improved product. As a result, the firm projects an ROE of 25%, and it will maintain a plowback ratio of 0.20. Its earnings this year will be $3 per share. Investors expect a 12% rate of return on the stock. What price do you expect May Corp.shares to sell for in 4 years