Please answer both questions.

12. Determine the expected rate of return (YTM) of a $25,000 par value bond with a 7.125% coupon and 23 years to maturity if it trades at a dollar price of 160.

is it: A) 1.6796% B) 3.3592% or C)3.3443

13. Stock XYZ recently paid an annual dividend of $2.25 per share. You expect the stop XYZ to continue to grow at 3.0% annualls into the foreseeable future. Determine the fair value of stock XYZ given an 11% required rate of return.

a) 28.97 b) 28.13. or c) 20.45