1. [2] Apple issued 20-year bonds a year ago at an annual coupon rate of 10.2%, par value $1,000. The bonds make semi-annual payments. The YTM on these bonds is 9.2%. What is the current bond price? Would the bond price rise or fall if YTM increases to 10.2%? 2. [2] A company is currently not paying dividends. You predict that, in 5 years, the company will pay a dividend for the first time, at $0.50 per share. You expect this dividend will then grow at a rate of 10% per year indefinitely. The required return on companies such as this is 20%. What is the price of the stock today