3. A bond a coupon rate of 4.0% and matures in five years. Its par value is $1,000. The bond pays semiannual interest payments. Calculate the yield to maturity of the bond if the price of the bond is priced at $950.

4. Still Growing Corp. is a mature firm, growing at a constant rate of 3% per year. Its net income last year was $10 million and it has 2.5 million shares outstanding. Still Growing Corp. has no debt and all income is paid out as dividends to its shareholders. Assuming a 15% cost of capital, what should be the current stock price.

5. ABC Co. has $10,500,000 of revenue today. It is estimated to grow 10% next year, 8% the following year and 5% in each of the next 4 years. What is the CAGR?