6. A 7% coupon bond with $1000 face value is selling at $950 currently. a) What's the coupon payment a year? B) What is the current yield? 7. Use a calculator to calculate the YTM of a debt from the following information: Face value is $1000 and current trading price at $975; coupon rate is 6% with semi-annual payments and 10 years to maturity. 8. A company paid a dividend of $1 per share last year. The Company plans to increase its dividend by 5% per year for the foreseeable future. If you expect 12% return from the stock, what is the value of the stock under Dividend Growth Model