A$1,000 face value bond currently has a yield to maturity of 8.22 percent. the bond matures in five years and pays interest semiannually. the coupon rate is7.5 percent. what is the current price of this bond?
a. $1,005.26
b. $989.60
c. $970.96
d. $948.01
e. $1,010.13

Miami incorporated estimates that its retained earnings break point (bpre) is $21 million, and its wacc is 13.40 percent if common equity comes from retained earnings. however, if the company issues new stock to raise new common equity, it estimates that its wacc will rise to 13.88 percent. the company is considering the following investment projects: project size irr a $4 million 14.00% b 5 million 15.10 c 4 million 16.20 d 6 million 14.20 e 1 million 13.42 f 6 million 13.75 what is the firm's optimal capital budget?