1.Staind, Inc., has 8 percent coupon bonds on the market that have 11 years left to maturity. The bonds make annual payments. If the YTM on these bonds is 10 percent, what is the current bond price?

2.A stock had returns of 18 percent, 15 percent, 14 percent, -7 percent, 12 percent, and -4 percent over the last six years.

Required:

(a)

What is the arithmetic return for the stock?

(b)	What is the geometric return for the stock?