Question 21 1 out of 1 points Eli is interested in a 10-year bond issued by Roberts Corp. that pays a coupon of 5 percent annually. The current price of this bond is $1,174.45. What is the yield that Eli would earn by buying it at this price and holding it to maturity? (Round to the closest answer.) Question 22 1 out of 1 points Ajax Company has issued perpetual preferred stock with a par of $100 and a dividend of 5.5 percent. If the required rate of return is 13.50 percent, what is the preferred stock's current market price? Question 23 1 out of 1 points Deere Co. is Investing $700,000 in a new machine. The investment will result in additional cash flows of $125,000, $350,000, and $1,400,000 over the next three years. What is the payback period for this project? Question 24 O out of 1 points You are interested in investing in a company that expects to grow steadily at an annual rate of 4 percent for the foreseeable future. The firm paid a dividend of 3 $1,30 last year. If your required rate of return is 10 percent, what is the most you would be willing to pay for this stock? (Round to the nearest dollar.)