XYZ Inc.'s bonds will mature in 4 years. The bonds have a face value of $1,000 and an 9% coupon rate, paid semiannually. The price of the bonds is $1,105. The bonds are callable in 2 years at a call price of $1,050. Their yield to call is ___%. Group of answer choices 6.68 4.84 5.76 7.60

All of the following are common stock characteristics, EXCEPT: Group of answer choices Common stockholders vote to elect the board of directors and on other issues Dividends are tax deductible (each $1 in dividends reduces the taxable income by $1) Dividends are not a liability of the firm until declared. Stockholders have no legal recourse if dividends are not declared Ownership interest No exception, all listed are common equity characteristics

Which of the following conditions is necessary for the constant dividend growth model to make sense: Group of answer choices Required return is greater than dividend growth Required return is equal to dividend growth Required return and dividend growth are both negative Required return is smaller than dividend growth