What is the yield to maturity of a bond with a par value of $1000, makes coupon payments semi-annually, has a 10% coupon rate, has 12.5 years until maturity, and is currently selling for $1158.22? Which of the following is NOT a characteristic of a Muni Bond? Multiple Choice They are issued by state and local governments in the US. The coupon payments are tax-free at the federal, state, and local level. Capital gains are tax-free at the federal, state, and local levels. All else equal, they tend to have lower yields than other bonds. O How many years to maturity does a bond have if the current price is $966.38, the par value is $1000, it makes semi-annual coupon payments, the coupon rate is 6.0%, and the YTM is 7.5%? Numeric Response Company X has fallen on difficult times, and will be reducing its dividend by 5% per year for the forseeable future. The price of the stock is $20, and the company is expected to bay a $3 per share dividend next year. What is the required rate of return of the stock? Numeric Response