Heather Smith is considering a bond investment in Locklear Airlines. The $1,000 par value bonds...
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Heather Smith is considering a bond investment in Locklear Airlines. The $1,000 par value bonds have a quoted annual interest rate of 9 percent and the interest is paid semiannually. The yield to maturity on the bonds is 12 percent annual interest. There are 15 years to maturity. Note: Do not input a dollar sign. Round your final answer to 2 decimal places. For answers in the thousands, input a comma. Compute the price of the bonds based on semiannual analysis. Question 6 1 pts The preferred stock of Denver Savings and Loan pays an annual dividend of $6.60. It has a required rate of return of 11 percent. Compute the price of the preferred stock. $61 $65 $60 $55
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