I want to know the answer as soon as possible.

31.

A Macrohard Corp. bond carries an 8 percent coupon, paid semiannually. The par value is $1,000, and the bond matures in six years. If the bond currently sells for $901, what is its yield to maturity?

a.

10.00%

c.

10.25%

b.

5.00%

d.

11.75%

33.

PK Software has 6.3 percent coupon bonds on the market with 22 years to maturity. The bonds make semiannual payments and currently sell for 98 percent of par. What is the effective annual yield?

a.

6.67%

c.

6.58%

b.

6.30%

d.

6.49%

34.

Suppose we observe a stock selling for $40 per share. The next dividend will be $1.25 per share, and you think the dividend will grow at 12 percent per year forever. What is the total required return?

a.

14.75%

c.

14.50%

b.

15.13%

d.

16.50%

35.

The Brigapenski Co. has just paid a cash dividend of $2,25 per share. Investors require a 16 percent return from investments such as this. If the dividend is expected to grow at a steady 8 percent per year, what will be the value of the stock in five years?

a.

32.47

c.

44.63

b.

39.67

d.

47.17