1- JJ Companies will pay an annual dividend of $4.20 a share on its common stock next year. Last week, the company paid a dividend of $4.00 a share. The company adheres to a constant rate of growth dividend policy. What will one share of this stock be worth 8 years from now if the applicable discount rate is 14 percent?

2-ABC bonds have a coupon rate of 9 percent, pay interest semiannually, and sell at par. Each of these bonds has a market price of _____ and interest payments of _____.

3-Bonds backed by assets with long-term payments are referred to as

4- f the bond holder has any rights that can force repayment of the bond prior to maturity, the bond