QUESTION 18 4 points Save Answer Which of the following statements is TRUE? Prior to its maturity date, the price of a zero-coupon bond is always greater than its face value. The yield to maturity of a bond depends on its total face value. We cannot convert any bond price into a yield to maturity, and vice versa. The internal rate of return (IRR) of an investment in a bond (and holding it until its maturity) is given a special name, the yield to maturity (YTM). QUESTION 19 4 points Save Answer Solaris stock is expected to pay a dividend of $3.50 next year. The dividends are expected to grow at 5% per year thereafter, and the required rate of return for stocks of equivalent risk is 13%. What is the value of Solaris stock now? O $50.00 O $35.00 O $38.89 O $43.75 QUESTION 20 4 points Save Answer A bank offers a loan that will require you to pay 11% (APR) interest compounded monthly. Which of the following is closest to the EAR charged by the bank? O 11.80% O 11.68% O 11.47% O 11.57%