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A preferred stock investment will pay you an annual $100 dividend on the same day each year. The dividends will begin 8 years from today and go on forever. How much is this investment worth today if the required rate is 10%? Enter answer in dollars to two decimals with no $ sign Suppose a bond pays coupon interest annually, and the coupon rate is 8%. If the yield to maturity on these bonds is 9%, then this bond must sell for more than its par value. True O False