1. the cubs baseball teams stock currently sells for $96 per share. The market requires a return of 14 percent while the company maintains a constant 5 percent growth rate in dividends. What was the most recent annual dividend per share paid on this stock (that is, this year's dividend)?

2. A 15 year, 7.84% semiannual coupon bond has yield to maturity of 6.27 percent and face value of $500,000. Find the price of the bond.