1. Navarro, Inc., has a zero coupon bond that sells for $320.63 and has a par value of $1,000. If the bond has 23 years to maturity, what is the yield to maturity? Assume semiannual compounding.

2. Sconehart Manufacturing is expected to pay a dividend of $2.89 next year. The company's dividend growth rate is expected to be 4.1 percent indefinitely and investors require a return of 10.3 percent on the company's stock. What is the stock price?

3. Stoneheart Group has preferred stock outstanding that will pay an annual dividend of $3.81 every year in perpetuity. If the stock currently sells for $98.31 per share, what is the required return?

4.

Stoneheart Group has announced that it will pay a dividend of $4.59 per share one year from today. Additionally, the company expects to increase its dividend by 3.2 percent annually. The required return on the company's stock is 12.4 percent. What is the current share price?

5.

Anaconda, LLC, has preferred stock outstanding that sells for $95.58 per share. If the required return is 3.66 percent, what is the annual dividend?