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21. Last year, Forest Products issued both 5-year and 10-year bonds at par. The bonds each have a coupon rate of 5.5 percent, paid semiannually,

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21. Last year, Forest Products issued both 5-year and 10-year bonds at par. The bonds each have a coupon rate of 5.5 percent, paid semiannually, and a face value of $1,000. Assume the yield to maturity on each of these bonds is now 74 percent. What is the percentage change in the price of the 5-year bond since it was issued? The 10-year bond? 1 River Rock, Inc., just paid an annual dividend of $280. The company has increased its dividend by 2.5 percem a year for the past 10 years and expects to continue doing so. What will share of this stock be worth 6 years from now if the required return is 16 percent? 2. The Fish House is expected to pay annual dividends of $1.23 and $1.25 at the end of the next two years, respectively. After that, the company expects to pay a constant dividend of $135 a share. What is the value of this stock ar a required return of 16.4 percent? 3.A stock is priced at $38.24 a share and has a market rate of return of 9.65 percent. What is the dividend growth rate if the company plans to pay an annual dividend of $.48 a share next year

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