1) Smith corporation has 250,000 shares of stock outstanding, total shareholders equity of $10 million, and stock price of $53. What is the company's market capitalization?
2) Crazy Corpration has a $1000 par value bond outstanding paying annual interest of 5%. The bond matures in 15 years. If the present yield to maturity for this bond is 7%, calculate the current price of the bond using annual compounding.
3) What dividend is paid on prferred stock if investors require a 9% rate of return and the stock has a market value of $54.00 per share and a book value of $50.00 per share? use dvidend yield formula.