1. A $1,000 par value bonds coupon rate is 4 percent per year but it pays coupon twice a year. The yield to maturity is 6 percent p.a. and it has 10 years to maturity. If the yield to maturity remains unchanged, what is the price 3 years from now? (please round to cent)
2. A $1,000 par value bonds coupon rate is 4 percent per year but it pays coupon twice a year. The yield to maturity is 6 percent p.a. and it has 10 years to maturity. If the yield to maturity remains unchanged, what is the price 3 years from now? (please round to cent)

2. BBM Co. stock just paid $2.00 dividend per share. The market expects that the dividend will grow at 5% annually for the next 3 years and then 2% annually forever. Assuming a required return of 8%, how much is the present value of the stock? (please round to cent)