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2. You bought one of Shark Repellant's 8 percent coupon bonds one year ago for $802. These bonds pay annual payments, have a face value

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2. You bought one of Shark Repellant's 8 percent coupon bonds one year ago for $802. These bonds pay annual payments, have a face value of S1,000, and mature 14 years from now Suppose you decide to sell your bonds today when the required return on the bonds is 12 percent. What was your total return on this investment? 3. Wilbert's Clothing Stores just paid a $1.20 annual dividend and increases its dividend by 2.5 percent annually. You would like to purchase 100 shares of stock in this firm but realize that you will not have the funds to do so for another three years. If you desire a 10 percent rate of return, how much should you expect to pay for 100 shares when you can afford to buy this stock? Ignore trading costs

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