5% per year

QUESTION 5 (answer both parts a and b: a. ACE.com corporation has just paid a dividend of $3.00 per share on its common stock. The dividend is to you the required return on similar stocks is 15%. Find the current price of the stock? 4 points) AND b. Bart Software has 8.8 percent coupon bonds on the market with 23 years to maturity. The bonds make semiannual payments and currently sell for 111.25 percent of par. What is the Yield to Maturity (YTM) on the bond? (4 points) SHOW YOUR WORK WITH FORMULAS, CALCULATIONS, AND RESULT IN THE SPACE BELOW. TO YOUR FACE WHEN COMPLETING YOUR CALCULATIONS. Thank you