E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $20 in perpetuity, beginning 9 years from now. If the market requires a 9 percent return on this investment, how much does a share of preferred stock cost today? Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of 1,000, 9 years to maturity, and a coupon rate of 6 percent paid annuallly. If the yield to maturity is 11 percent, what is the current price of the bond