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9. A 20-year bond has a face value of $1,000 and an 11% coupon rate, paid semi-annually. a. You buy the bond today when it

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9. A 20-year bond has a face value of $1,000 and an 11% coupon rate, paid semi-annually. a. You buy the bond today when it has a yield to maturity of 9%. Compute the price of the bond today. (4 points) c. Suppose you sell the bond after 5 years, when the yield to maturity is 7%. Compute the price of the bond 5 years from now. (4 points) 10. For its most recent fiscal year. The Wendy's Company (ticker: WEN) had net income of $137 million, paid $96 million in dividends, and had shareholders equity of $516 million. Compute the firm's internal growth rate. (3 points)

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