3) Lets say Omega Records dividend payment will be $1.71 one year from now, $2.31 two years from now, and $3.10 three years from now. Further assume that after this the dividend will grow by 5.63% each year. The required rate of return for the industry is 10.51%. What is the value of Omega Records stock?

4) How much should an investor pay for a stock that has a stable annual dividend of $5.78? They want to earn a rate of return of 11.84%.

5)A Treasury bond is quoted as 100.065 asked and 99.977 bid. What is the bid-ask spread in dollars on a $200,000 face value bond?