Why is it so important to match the frequency of the interest rate to the frequency of the cash flows? The yield to maturity of a $1000 bond with a 7% coupon rate, semiannual coupons, and two years to maturity is 7.6% APR, compounded semiannually. What must it's price be? Suppose a five-year, $1000 bond with annual coupons has a price of $900 and a yield maturity of 6%. What is the bond's coupon rate? NoGrowth Corporation currently pays a dividend of $0.50 per quarter, and it will continue to pay this dividend forever. What is the price per share of NoGrowth stock if the firm's equity cost of capital is 15%