1. A bond's price is quoted as $1,020.86. The bond has coupon rate of 6.77 percent and pays coupons semiannually. The bond is trading with two months to the next coupon date. Calculate the dirty price of the bond.

2. You just paid $1,065.47 for a semiannual coupon bond that has coupon rate of 7.30 percent. The bond has face value of $2,000 and is trading two months after the last coupon date. What was the quoted price of this bond?

3.

A stock expects to pay dividends of $5.60 per share one year from today; $5.93 per share two years from today; and $6.15 per share three years from today. After that, dividends are expected to be constant at $6.72 per share per year indefinitely. Investors require a rate of return of 10 percent on this stock. How much should this stock sell for today?

4.A stock paid its annual dividend of $4.94 per share, yesterday. The dividend growth rate for the stock is expected to be 3.75 percent per year indefinitely. The appropriate discount rate for the stock is 11.80 percent. Determine the price of the stock today.