1.CraneCorp., a U.S. company, has a five-year bond whose yield to maturity is6.1percent (assume semiannual compounding). The bond has no coupon payments. What is the price of this zero coupon bond?

2.JasonAllenis interested in purchasing the common stock ofBlossom, Inc., which is currently priced at $45.86. The company is expected to pay a dividend of $2.58 next year and to increase its dividend at a constant rate of8.30percent.What should the market value of the stock be if the required rate of return is 14 percent?

3.MatthewYoungbought 10-year bonds issued by Harvest Foods five years ago for $932.75. The bonds make semiannual coupon payments at a rate of8.2percent. If the current price of the bonds is $1,047.77, what is the yield thatMatthewwould earn by selling the bonds today?

4. OrioleCorp. will pay dividends of $5.00, $6.25, $4.75, and $3.00 in the next four years. Thereafter, management expects the dividend growth rate to be constant at5percent. If the required rate of return is17.50percent, what is the current value of the stock?(Round all intermediate calculations and final answer to 2 decimal places, e.g. 15.20.)