World Travel has a 20-year semiannual bond issued 2 years ago. The bond has a coupon rate of 7% and a par value of $1,000. If you require a 9% nominal yield to maturity on the bond, how much will you pay for the bond? 1) $817.43 2) $824.89 3) $815.98 04) $823.34 Question 14 (1 point) An investor is forming a portfolio by investing $50,000 in Stock A that has a beta of 1.50, and $25,000 in Stock B that has a beta of 0.90. The return on the S&P 500 index is equal to 12 percent; and the return on Treasury-bills is 5 percent What your estimate of the required rate of return on the investor's portfolio? 1) 16.5% O2) 15.8% 3) 14.1% 4) 13.4%