5. An investment will pay you $500,000 in 3 years. How much is this investment worth in today's dollars if your required rate of return (discount rate) is 10\%? (3 Points) 6. Apple, Inc., has 6 percent coupon bonds on the market that have 3 years left to maturity. The bonds make annual payments and have a par value of $1,000. If the YTM on these bonds is 8 percent, what is the current bond price? (3 Points) 7. Michael's, Inc. just paid $3 to its shareholders as the annual dividend. Simultaneously, the company announced that future dividends will be increasing by 6 percent. If you require a rate of return of 10 percent, how much are you willing to pay today to purchase one share of Michael's stock? (3 Points) SHOW ALL WORK: Formula: P0=D0(1+g)/(Rg) 8. You are analyzing a company that has cash of $8,000, accounts receivable of $18,000, fixed assets of $97,000, accounts payable of $40,000, and inventory of $56,000. What is the quick ratio? (3 Points)