1 points Save Anwe You have just retired with savings of $9 million. If you expect to live for 55 years and to earn 12% a year on your savings, how much can you afford to spend each year (in $ dollars)? 5. (Assume that you spend the money at the start of each year.) ABC common stock is expected to have extraordinary growth in earnings and dividends of 22% per year for 2 years after which the growth rate will settle into a constant 7%. If the discount rate is 16% and the most recent dividend was 51. what should be the approximate current share price (in $ dollars)? 5 Bernard co. has 6% coupon bonds on the market that have 17 years left to maturity. The bonds will make annual payments. If the YTM on these bonds is 7%, what is the current bond price (in dollars)? (Assume the face value of the bond is $1,000)