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34. Elizabeth Taylor is considering a bond investment. The $1,000 bonds have an annual coupon interest rate of 6 percent and the interest is paid

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34. Elizabeth Taylor is considering a bond investment. The $1,000 bonds have an annual coupon interest rate of 6 percent and the interest is paid semiannually. The yield to maturity on the bonds is 8 percent annual interest rate. There are 5 years remaining until maturity. Compute the price of the bond based on the semiannual compounding? Choose the closest number. a. $950 b. $919 c. $1200 d. $1000 35. BuzzSci will pay a common stock dividend of $2.80 at the end of the coming year. The required rate of return by common stockholders is 14 percent, and the firm has a constant growth rate of 9 percent, what is the current price of the common stock? Choose the closest number. a. $32 b. $46 c. $64 d. $56

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