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3 . Assume a par value of $ 1 , 0 0 0 . Caspian Sea plans to issue a 2 0 . 0 0

3. Assume a par value of $1,000. Caspian Sea plans to issue a 20.00 year, annual pay bond that has a coupon rate of 8.17%. If the yield to maturity for the bond is 7.51%, what will the price of the bond be?
4. Assume a par value of $1,000. Caspian Sea plans to issue a 5.00 year, semi-annual pay bond that has a coupon rate of 7.84%. If the yield to maturity for the bond is 8.11%, what will the price of the bond be?
5. Caspian Sea Drinks needs to raise $23.00 million by issuing bonds. It plans to issue a 14.00 year semi-annual pay bond that has a coupon rate of 5.19%. The yield to maturity on the bond is expected to be 4.88%. How many bonds must Caspian Sea issue? (Note: Your answer may not be a whole number. In reality, a company would not issue part of a bond.)
6. The risk-free rate is 2.73% and the market risk premium is 7.16%. A stock with a \beta of 1.26 just paid a dividend of $2.48. The dividend is expected to grow at 20.43% for three years and then grow at 4.12% forever. What is the value of the stock?
7. A firm just paid a dividend of $3.05. The dividend is expected to grow at a constant rate of 4.25% forever and the required rate of return is 13.23%. What is the value of the stock?
8. The market price of a stock is $38.77 and it is expected to pay a $3.25 dividend next year. The dividend is expected to grow at 2.77% forever. What is the required rate of return for the stock?
Answer format: Percentage Round to: 2 decimal places (Example: 9.24%,% sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
9. A stock just paid a dividend of $2.19. The dividend is expected to grow at 26.79% for three years and then grow at 4.73% thereafter. The required return on the stock is 14.11%. What is the value of the stock?
Please answer asap round all answers to 2 decimal places

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