16.) Sultan Services has 1.5 million shares outstanding. It expects earnings at the end of the year of $ 5.00 million. Sultan pays out 60% of its earnings in total - 40% paid out as dividends and 20% used to repurchase shares. If Sultan's earnings are expected to grow by 6% per year, these payout rates do not change, and Sultan's equity cost of capital is 10%, what is Sultan's share price?

17.) What is the yield to maturity of a eight-year, $ 10,000 bond with a 4.5% coupon rate and semiannual coupons if this bond is currently trading for a price of $ 9, 375?