21) Last yeer, a bond yielded a pveninal retum of 737 perient while inflation av arogod 3.26 perces. Whit was the teal nutc of A) 3.42 percent B) 327 precth C)3 os peroed D) 3.71 peroent E) 3.25 percent cielt years The maket nate of rutum on boeds of this rikk is currently II perrent. What is the cunrent valie of a $1.000 face valse boed? A) 503058 B) 5843 of D) 500390.17 D) 5929.17 E) 5 ssisus 23) Luscher's in a relatively sew firm that is sill in a penied of rapid develogenert. The compony plass ce retaining all of its eaminger for the sect six yeacs. Seren yoan from now, the company pryects paying an armual dividend of 5.25 a whare and then incressing that amount by 3 percent? annally thereaffer. To value this stodk as of todiry, you would most likely determine the value of the attock years form todatay before determining today's valoe. A) 4 B)s C) 6 b) 7 E) 2 20) New Covpy just puid a per share annual divideod of 51.50. The company is planning oo poyise 51.02 Si.6S 51.75, and 51.80 a chare over the next four years, respectively. After that the dridend will he a conutant 52.00 per share per year. What is the market price of this stock if the making rate of rehurn is 15 pervent? (1) sin0 31240 5117 200 - Felir Copp. will pay an annual dividend of S1.00 next year. The dividend will increase rent a year for the following ruo years before growing at 4 percent indefinitely If the raquirod rate of return is 10 percent, what is the stock's current value