IMB Inc. recently issued noncallable bonds that mature in 15 years. They have a par value of $1,000 and an annual coupon of 5.4%. If the current market interest rate is 6.7%, at what price should the bonds sell? 5859.56 5903.64 5838.11 5820.12 5879.32 Sell Inc's stock has a 25% chance of producing a 30% return, a 50% chance of producing a 12% return, and a 25% chance of producing a -18% return. What is the firm's expected rate of return? 9.00% 8.50% 7.72% 8.22% 9.50%