A- Colgate-Palmolive Company has just paid an annual dividend of $1.08. Analysts are predicting a(n) 10.6% per year growth rate in earnings over the next five years. After that, Colgate's earnings are expected to grow at the current industry average of 6.3% per year. If Colgate's equity cost of capital is 9.2% per year and its dividend payout ratio remains constant, whatpricedoes the dividend-discount model predict Colgate stock should sell for?

B-Suppose a 5-year, $1,000 bond with annual coupons has a price of $960 and a yield to maturity of 6%. What is the bond's coupon rate?