Mobius is issuing 16 -year, semiannual coupon, bonds for $875 to fund new projects. The expected yield to maturity on these bonds is 9%. What is the coupon rate on these bonds. Show your answer to the nearest .01\%. Do not use the % sign in your answer. Your Answer: Answer Question 16 (4 points) A preferred stock pays a $1.97 annual dividend. What is the maximum price you are willing to pay for one share of this stock today if your required return 7.8 percent? Show your answer to the nearest \$.01. Enter your answer as a positive number. Do not use $ or , signs in your answer. Your