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5 . The next dividend payment by Hot Wings, Inc., will be $ 3 . 9 5 per share. The dividends are anticipated to maintain

5. The next dividend payment by Hot Wings, Inc., will be $ 3.95 per share. The dividends are anticipated to maintain a 4 percent growth rate forever. If the stock currently sells for $48.47 per share, what is the required return?
6. All rates are annual. The one-year zero coupon rate is 4%. The two year zero-coupon rate is 5%. The price of a two-year 3% coupon bond with the face value of $1,000 is $ ..........................(accuracy to one cent).

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