Question: Problem 4: If the dividends on preferred stock are $9 per year, and the required rate of return on the stock is 12%, then calculate

Problem 4: If the dividends on preferred stock are $9 per year, and the required rate of return on the stock is 12%, then calculate the current price of the preferred stock

Problem 5: (See Problem 1_Demonstration) Michigan Electric Company Bonds Face Value $1,000.00 Coupon Rate 6.00% Frequency 2 (Semi-Annual Interest Payments) Maturity (Years) 15 Yield to Maturity 6.80% Given the yield to maturity; Calculate the price of the bond using PV function in Excel

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