QUESTION 28

1. A preferred stock pays a $3.05 dividend per share every year. If investors require a 9% return on this preferred stock, what is the preferred stock's intrinsic value?

   		$13.81
   		$40.63
   		$33.89
   		$41.95
   		none of these

4 points

QUESTION 29

1. A 6%, 9-year bond has a yield of 7%. What is the value of the bond?

   		$934.05
   		$1,022.98
   		$988.38
   		$899.39
   		none of these