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A $1,000 bond with a coupon rate of 3% paid semi-annually has 7 years to maturity and a yield to maturity of 9%. The price
A $1,000 bond with a coupon rate of 3% paid semi-annually has 7 years to maturity and a yield to maturity of 9%. The price of the bond is closest to $ _ Input your answer without the $ sign and round your answer to two decimal places. 2 Monsters Inc. is a utility company that recently paid a common stock dividend of $3.37 per share. If its divided growth rate is expected to remain at 2 percent per year indefinitely and its equity cost of capital is 9 percent, the current price of a share of Monsters' common stock is closest to Input your answer without the $ sign and round your answer to two decimal places. 3 Suppose you borrow from a bank $1,716.7 today (t=0). You agree to pay back $3,638.07 in 7 years (t=7). The interest rate (%) that the bank charge you is closest to _%. Input your answer without the % sign and round your answer to two decimal places. Hayden Ltd intends to make i first dividend payment 4 years(s) from now. It then intends to pay dividends annually thereafter. The company has announced it expects the first three dividends to all be of the magnitude of around 5 cents per share. Subsequent dividends will then be paid out at a set rate of 50% of earnings. Your earnings forecasts for this coming year suggest that $0.20 Earnings per Share (EPS) is the most likely outcome. You are then forecasting EPS growth of around 4.8% p.a. in perpetuity. What would be your valuation of Hayden Ltd's shares, given you require a 15% p.a. return? State your answer in dollars to THREE decimal places
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