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14) Gringotts Bank offers 4.5 percent coupon bonds with semiannual payments and a yield to maturity of 8.41 percent. The bonds mature in 10 years.

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14) Gringotts Bank offers 4.5 percent coupon bonds with semiannual payments and a yield to maturity of 8.41 percent. The bonds mature in 10 years. What is the market price per bond if the face value is $1,000? a) $739.06 b) $791.47 c) $796.48 d) $802.60 e) $813.48 15) Wayne Enterprises just paid an annual dividend of $1.95 per share. Today, the company announced that future dividends will be increasing by 2.6 percent annually. If you require a 15 percent rate of return, how much are you willing to pay to purchase one share of this stock today? a) $19.23 b) $16.88 c) $17.72 d) $15.67 e) $16.13

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