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1. The market price of a semi-annual pay bond is $977.10. It has 18.00 years to maturity and a coupon rate of 5.00%. Par value

1. The market price of a semi-annual pay bond is $977.10. It has 18.00 years to maturity and a coupon rate of 5.00%. Par value is $1,000. What is the effective annual yield?

Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434))

2. A stock just paid a dividend of $1.12. The dividend is expected to grow at 29.10% for three years and then grow at 3.67% thereafter. The required return on the stock is 14.75%. What is the value of the stock?

Answer format: Currency: Round to: 2 decimal places.

3. A stock just paid a dividend of $2.21. The dividend is expected to grow at 27.30% for five years and then grow at 4.77% thereafter. The required return on the stock is 14.72%. What is the value of the stock?

Answer format: Currency: Round to: 2 decimal places.

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