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1. Wally's War Duds has a preferred share issue outstanding with a current price of $26.57. The firm is expected to pay a dividend of $1.86 per share a year from today. What is the firm's cost of preferred equity? Round your final answer to nearest percentage.

A. 6.5%

B. 7.0%

C. 7.5%

D. 8.0%

2. A bond with a 7-year duration is worth $1,088, and its yield to maturity is 8.8%. If the yield to maturity falls to 8.56%, you would predict that the new value of the bond will be approximately

$1,085.39

$1,088.00

$1,090.61

$1,104.76

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92857889

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