New Homes has a bond issue with a coupon rate of 5.5 percent that matures in 8.5 years. The bonds have a par value of $1,000 and a market price of $1,045. Interest is paid semiannually. What is the yield to maturity?

Group of answer choices

4.85 percent

4.94 percent

4.79 percent

4.72 percent

4.89 percent

Southern Markets recently paid an annual dividend of $2.62 on its common stock. This dividend increases at an average rate of 3.8 percent per year. The stock is currently selling for $28.12 a share. What is the dividend yield?

Group of answer choices

9.67 percent

9.32 percent

8.96 percent

10.25 percent

7.48 percent