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Navarro, Inc., plans to issue new zero coupon bonds with a par value of $1,000 to fund a new project. The bonds will have a

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Navarro, Inc., plans to issue new zero coupon bonds with a par value of $1,000 to fund a new project. The bonds will have a YTM of 6.27 percent and mature in 30 years. If we assume semiannual compounding, at what price will the bonds sell? Multiple Choice $156.90 $152.98 $15167 $16132 O $150.63 Kindzi Co. has preferred stock outstanding that is expected to pay an annual dividend of $4.11 every year in perpetuity. If the required return is 4.14 percent, what is the current stock price? Multiple Choice $89.35 $9266 $103 39 a $99.28 a $9533

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