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A)The market price of a semi-annual pay bond is $987.36. It has 17.00 years to maturity and a coupon rate of 6.00%. Par value is

A)The market price of a semi-annual pay bond is $987.36. It has 17.00 years to maturity and a coupon rate of 6.00%. Par value is $1,000. What is the yield to maturity?

B)A firm issues preferred stock with a dividend of $4.74. If the appropriate discount rate is 5.46% what is the value of the preferred stock?

C)A firm just paid a dividend of $4.76. The dividend is expected to grow at a constant rate of 2.78% forever and the required rate of return is 11.66%. What is the value of the stock?

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