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7. Goode Inc.'s stock has a required rate of return of 10.50%, and it sells for $23.00 per share. Goode's last dividend paid was $1.
7. Goode Inc.'s stock has a required rate of return of 10.50%, and it sells for $23.00 per share. Goode's last dividend paid was $1. Find the constant growth rate for dividends? 8. The Timberlake Jackson Wardrobe Co. has 7 percent coupon (semi-annual) bonds on the market with 8 years left to maturity. The bonds make semi-annual payments. If the bond currently sells for $920, what is its YTM? (Face Value = $1000) 9. Merton Enterprises has bonds on the market making annual payments, with 12 years to maturity, and selling for $1,075. At this price, the bonds yield to maturity is 6.0 percent. What must be the coupon rate on Merton's bonds? (Face Value =$1000) 10. Explain what is included in an indenture document for a bond
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