Question 8 1 pts You expect Bailey Company's common stock to pay a dividend of $2.40 one year from now. You can buy the stock now for $52, and you plan to sell the stock at the end of one year. Given the risk of the stock, your required rate of return is 13%. For what price would you need to sell your stock in one year in order to earn your required rate of return? $55.84 $54.80 $57.40 $57.92 $56.36 Question 9 1 pts A corporate bond has a 12% coupon rate, pays interest semiannually, and matures in 15 years. The bond's par value is $1,000. If the investors' annual required rate of return is 10%, the intrinsic value of the bond should be: O $1,830 O $2,230 O $1.154 N O $1,220 0 $1,231