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5 . 4 A Telkom company bond carries an 8 % coupon, paid semi - annually. The par value is R 1 0 0 0

5.4 A Telkom company bond carries an 8% coupon, paid semi-annually. The par value is R1000, and the bond matures in six years. If the bond currently sells for R911.37, what is its yield to maturity?
5.5 Abbey Fish Company will pay a R5.00 per share dividend next year. The company pledges to increase its dividend by 3% per year indefinitely. If you require a 16% return on your investment, how much will you pay for the company's shares today?
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