1. American Corporation currently pays $1 per share in dividends, and investors expect dividends to grow at a rate of 4% per year for the foreseeable future. For investments at this level of risk, investors require a return of 16% per year. The estimated value of American today would be 2. Briar Corp is issuing a 10-year bond with an annual coupon of 7%. The interest rate on similar bonds is currently 9%. Assuming the payments are annual, what is the present value of the bonds? 3.a bond with the following characteristics: FV $5,000, CR 5% originated on 01/01/2019 and matures on 01/01/2025, market price $3,911, its YTM is