% for a stock currently priced at $60, that just paid a dividend of $2, and has a The expected constant-growth rate of dividends is required return of 17%? QUESTION 27 "If an investor purchases a bond when its current yield is higher than the coupon rate, then the bond's price will be expected to: "decline over time, reaching par value at maturity." o "increase over time, reaching par value at maturity." be less than the face value at maturity. exceed the face value at maturity. QUESTION 28 The bonds issued by United Corp. bear a coupon of 8 percent, payable semiannually. The bond matures in 19 years and has a $1,000 face value. Currently, the bond sells at $981. The yield to maturity (YTM) is 8.20% QUESTION 29 The nominal rate of return is _% earned by an investor in a bond that was purchased for $1,000, has an annual coupon of 8%, and was sold at the end of the year for $960? Assume the face value of the bond is $1,000