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Greshak Corp. will issue 18-year, $1,000 par value, 9.50% coupon bonds (paid semi-annually) in the near future. If the market's current required rate of return

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Greshak Corp. will issue 18-year, $1,000 par value, 9.50% coupon bonds (paid semi-annually) in the near future. If the market's current required rate of return on these bonds is 11.25%. How much will Greshak sell each bond for in the market? YOU MUST SHOW ALL WORK (INCLUDING EXCEL FORMULAS AND/OR CALCULATOR KEYSTROKES AND VARIABLES USED) FE A Ini III Which of the following statements is CORRECT? Select one: A. Preferred stockholders have a priority over bondholders in the event of bankruptcy to the income, but not to the proceeds in a liquidation. B. The preferred stock of a given firm is generally less risky to investors than the same firm's common stock. O C. Corporations cannot buy the preferred stocks of other corporations. OD. Preferred dividends are not generally cumulative. E. A big advantage of preferred stock is that dividends on preferred stocks are tax deductible by the issuing corporation

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