Meade Corporation bonds mature in 15 years and have a yield to maturity of 12 percent.  The par value of the bonds is $1,000.  The bonds have a 12.3 percent coupon rate and pay  interest on a semiannual basis.  What are the current yield and capital gains yield on the  bonds for this year? (Assume that interest rates do not change over the course of the  year.)

Palmer Products has outstanding bonds with an annual 5.1 percent coupon.  The bonds have a par value of $1,000 and a price of $1,162.  The bonds will mature in   17 years. What is the yield to maturity on the bonds?

The Jones Company has decided to undertake a large project. Consequently, there is a  need for additional funds.  The financial manager plans to issue preferred stock with a  perpetual annual dividend of $5.6 per share and a par value of $69.  If the required return  on this stock is currently 17.5 percent, what should be the stock’s market value?

A share of preferred stock pays a semiannual dividend of $2.9.  If the price of this preferred  stock is currently $88, what is the nominal annual rate of return?

A 28-year bond has a 7 percent annual coupon, a yield to maturity of 8 percent, and a face value of $1,000.  What is the price of the bond?

McKenna Motors is expected to pay a $1 per-share dividend at the end of the year  (D1 = $1).  The stock sells for $28 per share and its required rate of return is 15.7  percent.  The dividend is expected to grow at a constant rate, g, forever.  What is the  growth rate, g, for this stock?

Preferred stockholders

A corporate bond has a face value of $1,000, and pays a $14 coupon semiannually (that is, the bond has a 2.8 percent coupon).  The bond matures in 6 years and sells at a price of $545.  What is the bond’s nominal yield to maturity?

You intend to purchase a 28-year, $1,000 face value bond that pays interest of $50 every every 6 months.  If your nominal annual required rate of return is 14 percent with semiannual compounding, how much should you be willing to pay for this bond?

Which of the following neurotransmitters is implicated in both sleep and the inhibition of movement?