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1. What is the amount of the annual coupon payment for a bond that has six years until maturity, sells for $1,050, and has a
1. What is the amount of the annual coupon payment for a bond that has six years until maturity, sells for $1,050, and has a yield to maturity of 9.37%?
2. How much should you pay for a share of stock that offers a constant growth rate of 10%, requires a 16% rate of return, and paid a $5 dividend last year?
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