Part 1) Marco Industrials has outstanding preferred stock with par value of $100, 6% dividend rate, and a yield of 2%. What should be the preferred shares' price?

A) $16.67

B) $3

C) $300

D) $50

Part 2) IMP Energy Solutions issued outstanding bonds 8 years ago, with original maturity of 30 years, 10 years of call protection, par value of $1,000, coupon rate of 12%, and a call price of $1,075. In a recent trade, the bonds sold for $1,250. Assuming interest rates do not change from current levels, what yield should an investor buying IMP's bonds expect to earn?

A) 2.24%

B) 3.12%

C) 2.69%

D) 11.13%

E) 11.05%