1: Answer following stock valuations. No need to show work. (multiple choice question)

a. Walmart is expected to pay a dividend of $2.12 in 1 year. Walmart is expected to grow earnings and dividends at a rate of 4% forever. If the required return on Walmart stock is 6.52%, what is the fair value of Walmart stock?

b. A bond makes quarterly coupon payments and has a coupon rate of 10%. What is the coupon payment?

c. A bond matures in 5 years. It has a coupon rate of 9%. The bond pays coupons annually and its yield to maturity is 11%. What is the fair price of the bond?