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A company just paid a dividend of $0.79 per share and you expect the dividend to grow at a constant rate of 5.2% per year
A company just paid a dividend of $0.79 per share and you expect the dividend to grow at a constant rate of 5.2% per year indefinitely into the future. If the required rate of return is 12.4% per year, what would be a fair price for this stock today? (Answer to the nearest penny per share.)
A 6.4% coupon bearing bond pays interest semi-annually and has a maturity of 6 years. If the current price of the bond is $1,023.87, what is the yield to maturity of this bond? (Answer to the nearest tenth of a percent, e.g. 12.34%)
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