Marconi Inc. is a large corporation that produces specialized high-end automobile parts. You have obtained the following information from the companys financial statements:

Long Term Debt
Bond A	5-year bond issued May 1, 2017	2,000,000
Bond B	5-year bond issued November 1, 2018	1,500,000
Total Long Term Debt		3,500,000
Equity
Preferred Shares
Preferred Shares A	Series A 5 years to maturity 7% dividend $75 par issued on November 1, 2017	500,000
Preferred Shares B	Series B no maturity paying a $5.25 dividend	500,000
Total Preferred Shares		1,000,000
Common Equity
Common Shares	200,000 common shares authorized, issued and outstanding	2,000,000
Retained Earnings		500,000
Total Common Equity		2,500,000
Total Equity		3,500,000

Notes to the financials:

All bonds have face value of $1,000.

Bond A was issued at a quoted price of 95.0 and pays its 6 percent coupon on May 1 and November 1 every year.

Bond B was issued at par and pays its 5% coupon semi-annually.

The firm is expecting the earnings to be $3,000,00 for 2019 and the dividend for November 1, 2019 of $1.20 per share was just paid. Assume today is Nov 1, 2019.

1. If the market interest rate for bonds that are identical to bond A is 4.5% (APR), calculate the price of bond A in the market today. Show your work!
2. If an investor bought bond A when it was first issued in May 2017 and sold the bond today, what is their effective annual holding period return? Show your work!
3. Calculate the current yield for bond A. Show your work!
4. Preferred shares Series B are quoted in the market to provide a 6 percent rate of return. Calculate the market price for the series B preferred shares. Show your work!
5. During the board meeting, the members of the board were discussing some investing opportunities that would result in dividend growth of 20 percent for the next 5 years and then a growth 1.8% thereafter. Assuming the required rate of return for the investors is 9% and the firm takes the project, what is the expected price of the share today? Show your work!