Question: Problem 3-15 (LG 3-4) A $1,000 par value bond with Five years left to maturity pays an interest payment semiannually with a 7 percent coupon

Problem 3-15 (LG 3-4) A $1,000 par value bond with Five years left to maturity pays an interest payment semiannually with a 7 percent coupon rate and is priced to have a 6.1 percent yield to maturity. If interest rates surprisingly increase by 0.5 percent, by how much will the bond's price change? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32,16)) Bond's price by Problem 3-19 (LG 3-3) A preferred stock from Hecla Mining Company (HLPRB) pays $2.70 in annual dividends. If the required rate of return on the preferred stock is 6.6 percent, what is the fair present value of the stock? (Round your answer to 2 decimal places. (e.g.. 32.16)) Answer is complete but not entirely correct. Fair present value $ 40.90 %

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