O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 25 years. Their nominal annual, not semiannual yield to maturity is 9.25%, they pay interest semiannually, and they sell at a price of $950. What is the bond's nominal coupon interest rate? \begin{tabular}{|l} \hline 9.52% \\ \hline 8.73% \\ \hline 10.39% \\ \hline 8.30% \\ \hline 9.43% \\ \hline \end{tabular} Question 3 (4 points) Saved Which of the following statements is CORRECT, assuming stocks are in equilibrium? A stock's dividend yield can never exceed its expected growth rate. Other things held constant, the higher a company's beta coefficient, the lower its required rate of return. The dividend yield on a constant growth stock must equal its expected total return minus its expected capital gains yield. A required condition for one to use the constant growth model is that the stock's expected growth rate exceeds its required rate of return. Assume that the required return on a given stock is 13%. If the stock's dividend is arowing at a constant rate of 5%, its exnoected dividend vield is 5\% as wall