the yield to maturity. Fill in the blanks: If the price of the bond is greater than the face value, then the coupon rate must be Equal to Less than Greater than W There is a stock that just paid an annual dividend of $4 to all shareholders. The cost of equity is 12%. What comes closest to the price of this stock if the dividend is not expected to grow? 40 33 48 37 Evaluate the following projects. The investment budget is $2 million. If the projects are mutually exclusive, which project is most likely to be acceptable? Project A B NPV 1.08m 0.5m 0.15m Payback 2 years 2.5 years 2 years IRR 9% 7% 7% PI 1.6 1.3 1.05 A A and B B