Stock R has a beta of 2.5, Stock S has a beta of 0.45, the required return on an average stock is 11%, and the risk-free rate of return is 3%. By how much does the required return on the riskier stock exceed the required return on the less risky stock? Round your answer to two decimal places.

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Madsen Motors's bonds have 24 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 10%, and the yield to maturity is 11%. What is the bond's current market price? Round your answer to the nearest cent.

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Nesmith Corporation's outstanding bonds have a $1,000 par value, a 6% semiannual coupon, 13 years to maturity, and an 8% YTM. What is the bond's price? Round your answer to the nearest cent.

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