In September 2000 the Pullman Group arranged a bond issue for the estate of the late Marvin Gaye. The collateral on the bonds (and source of cash flow for interest and principal payments) consisted of future royalties from classic songs such as "What's Going On," and "I Heard It Though The Grapevine." The bond issue had a $1,000 face value and a coupon rate of 5.2%. If the bond matures in 26 years, pays semiannual coupons, and the yield to maturity is 4%, what will the bond sell for? Calculate your answer to two decimal points. $831.00 $1,192.87 $829.98 $695.53 $1,191.79 QRS Inc. last paid a dividend of $2.96. Dividends are expected to grow indefinitely at -5%. If the required return was previously 6% but now the required return is 6.5%, what is the current price of the stock? $25.74 $25.56 O $197.33 $26.91 $207.20 $24.45 What is the price of a share of XYZ stock if the beta is 1.4, its next dividend is projected to be $1.77 (payable in one year), and its growth rate is expected to be constant at 5%? Also assume that the expected return on the market is 9.2% and the risk-free rate is 3.5%. $15.47 $32.22 $11.48 $27.31 O $34.21