Musial corp has just issued nonconvertible preferred stock

Reference no: EM13623270

1) Rogue Racing Inc. has $1,000 par value bonds with a coupon rate of 8% per year making semiannual coupon payments. If there are twelve years remaining prior to maturity and these bonds are selling for $876.40, what is the yield to maturity for these bonds?

A) 8.00%

B) 8.33%

C) 9.77%

D) 9.80%

2) The next dividend (Div1) is $1.80, the growth rate (g) is 6%, and the required rate of return (r) is 12%. What is the stock price, according to the constant growth dividend model?

A) $15.00

B) $31.80

C) $30.80

D) $30.00

3) Musial Corp. has just issued nonconvertible preferred stock (cumulative) with a par value of $50 and an annual dividend rate of 7.25%. The preferred stock is currently selling for $38.75 per share. What is the yield or return (r) on this preferred stock?

A) 9.341%

B) 9.351%

C) 9.355%

D) 9.345%

Reference no: EM13623270

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