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9. You buy an SEMI ANNUAL payment bond for $ 955 that pays 8% coupon over 23 years. What is your Yield to maturity? 9A.

9. You buy an SEMI ANNUAL payment bond for $ 955 that pays 8% coupon over 23 years. What is your Yield to maturity?

9A. If common stock grows at a constant rate of 2 % and you are expecting a dividend next year if $ 2.30 (D1), if you need a 10 % return, what is the most you would pay for the stock?

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