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A zero-coupon bond that will pay $1,000 in 10 years is selling today for $463.19. What interest rate does the bond offer? (Do not round

A zero-coupon bond that will pay $1,000 in 10 years is selling today for $463.19. What interest rate does the bond offer? (Do not round intermediate calculations. Round your answer to the nearest whole percent.)

Interest rate

%

Favored stock will pay a dividend this year of $3.06 per share. Its dividend yield is 9%. At what price is the stock selling? (Do not round intermediate calculations.)
Current price $

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