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1) Immersive Reader Open in Deski - mans) a) Jack & Jill Inc. bond has a 10 percent coupon rate and a $1,000 face value.

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1) Immersive Reader Open in Deski - mans) a) Jack & Jill Inc. bond has a 10 percent coupon rate and a $1,000 face value. Interest is paid semiannually, and the bond has 20 years to maturity. If investors require a 12 percent yield, what is the bond's value? What is the effective annual yield on the bond? b) Calgary Glaciers Corporations's stock currently sells for $59 per share and the required return on the stock is 11%! You also know that the total return on the stock is evenly divided between a capital gains yield and a dividend yield. If it's the company's policy to always maintain a constant growth rate in its dividends, what is the current dividend per share

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