I have 55 minutes and need to get 4/5 correct. Thanks! Question 1.1.What is the value of a preferred stock with a $28 par value that pays a 6% of par dividend assuming our required return is 9%? (Points : 20)

$18.67 $19.76 $20.36 $17.98

Question 2.2.A bond's market value changes when market ________ change. (Points : 20)

coupon rates face values interest rates maturity values

Question 3.3.Much like bonds, most preferred stock has a ________. (Points : 20)

par value market value maturity value coupon value

Question 4.4.Find the value of a stock that is expected to pay a dividend next year of $2.20, and for which analysts forecast growth rates that will continue to be 5% a year into the foreseeable future. Assuming your required return is 12% to hold that company's stock, what is the current value? (Points : 20)

$28.26 $30.64 $31.43 $32.86

Question 5.5.What is the value, adjusted for annual payments, of a $1,000 par value (face value) 6% coupon rate bond with 10 years remaining to maturity, assuming the current market rate on similar risk debt is now 8%? (Points : 20)

$878.26 $865.80 $832.44 846.25