What is the fair price for a share of powell? motors

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1. The bonds of Apache Oil, Inc. have an 8 percent coupon and pay interest annually. Currently, the bonds are currently selling for $914.23. The bonds mature in 4 years. What is the yield to maturity?

2. Powell Motors has a P/E constant of 16 and 128 million shares outstanding. Analysts forecast net income to be ?$257.2 million in the next fiscal year. What is the fair price for a share of Powell? Motors?

3. A share of preferred stock pays a dividend of $0.11 annually. The required rate of return is 3%. What is the preferred? stock's price per? share?

Reference no: EM131997900

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