A 13-year zero-coupon bond was issued with a 1000 par value, Financial Management

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A 13-year zero-coupon bond was issued with a 1000 par value

1. A 13-year zero-coupon bond was issued with a $1000 par value to yield 17. What is the approximate market value of the bond? Use Appendix B. (Round "PV Factor" to 3 decimal places and final answer to the nearest dollar amount.)

A. $195

B. $130

C. $98

D. $260

2. An issue of preferred stock is paying an annual dividend of $4.00. The growth rate for the firm's common stock is 7%. What is the preferred stock price if the required rate of return is 9%? (Round your answer to 2 decimal places.)

A. $46.94

B. $41.94

C. $44.44

D. $49.44

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Financial Management: A 13-year zero-coupon bond was issued with a 1000 par value

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Financial Management: A 13-year zero-coupon bond was issued with a 1000 par value

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