7. Consider a firm that pays no dividends. Next year's earnings are projected to be $1,500,000. The present value of growth opportunities is estimated to be S13,500,000. Suppose that there are 250,000 shares outstanding. If investors require a return of 12 percent, what is the fair value of the company's stock (Find the price per share)? (8 points) 8, A 30-year maturity, 8% coupon bond paying coupons semiannually is callable in five years at a call premium of 90o. The bond currently sells at a yield to maturity of 5%. What is the yield to call? (8 points) You find a certain stock that had returns of 14 percent, -27 percent, 19 percent, and 21 percent for four of the last five years, respectively What is the average return of 9. the stock over this period? What is the standard deviation of the stock's returns? (8 points)