7. Use the PV function in Excel to give the value of a bond that has a 6% semiannual coupon rate on a face value of $1,000, if it has a vield to maturity of 5% and exactly 7 vears left to maturity. 8. Last year, your firm posted $100 million in net income. That number will grow by 10% for the next three years, and then settle into a constant long-term growth rate of 3.5%. It currently retains 25% of its net income, paying the other 75% as dividends, and that is not forecasted to change. There are 50 million shares outstanding. Given that your equity investors demand a 11% return on equity, what is your estimate of a share of the firm's stock