17. One year ago, you purchased a 6 percent annual coupon bond for a clean price of $1,100. The bond now has nine years remaining until maturity. Today, the yield to maturity on this bond is 6.80 percent. How does todays price of this bond compare to your purchase price?

18. San Dimas Auto Group just paid their annual dividend of $1.40. The stock is selling for $12.48 a share and has a required return of 14 percent. What is the growth rate of the dividend?