QUESTION 25 A stock has a beta of 1.5 and an expected return of 16.35%. What is the risk-free rate if the market rate of return is 12.5%? % QUESTION 26 % for a stock currently priced at $60, that just paid a dividend of $2, and has a The expected constant-growth rate of dividends is required return of 17%? QUESTION 27 "If an investor purchases a bond when its current yield is higher than the coupon rate, then the bond's price will be expected to: "decline over time, reaching par value at maturity." "increase over time, reaching par value at maturity." be less than the face value at maturity. O exceed the face value at maturity. QUESTION 28 The bonds issued by United Corp. bear a coupon of 8 percent, payable semiannually. The bond matures in 19 years and has a $1,000 face value. Currently, the bond sells at $981. The yield to maturity (YTM) is %