5-A company just paid its annual dividends of $1.30 per year. The company has developed a new technique to manufacture its product that is anticipated to provide abnormal dividend growth of 12% per year for the next two years. By then, the competition is anticipated to have also acquired the technique, and the company dividend growth is expected to return to the industry average of 7% per year. If an investors required return for this firm is 13%, what is the value of this stock? A: $11.20 B: $18.57 C: $23.57 D: $24.27 E: $27.46 6-Ann is considering the purchase of a $1,000 bond with coupon of 6% that pays interest semiannually and matures in 3 years. Ann believes she will be able to reinvest her funds at a 4% annual rate. If Ann buys this bond for $1,010 , what is her annualized realized yield? A: 4.0% B: 4.6% C: 5.6% D: 5.8% E: 6.2%