I need the answer in 1 hour(TCOs 2 and 3) Cee Co. issued 20-year, $1,000 bonds at a coupon rate of 7 percent. The bonds make annual payments. If the YTM on these bonds is 4 percent, what is the current bond price?

(TCO 3) Seventeenth Bank has an issue of 9% preferred stock with a $100.00 par value that just sold for $119 per share. What is the banks cost of preferred stock? (Show your work and round your answer to two decimal places.