A newly issued 20-year, $1,000, zero coupon bond just sold for $311.05. What is the implicit interest, in dollars, for the first year of the bond's life? A) $17.89 B) $18.70 C) $18.47 D) $17.72 E) $17.63 Show your calculation here: Distant Groves announced today that it will begin paying annual dividends next year. Dividends for the first three years will be $.15, $.20, and $.25 a share, respectively. After that, dividends are projected to increase by 4 percent per year. What is one share of this stock worth today at a required return of 8.5 percent? A) $5.17 B) $4.94 C) $4.86 D) $4.55 E) $5.03 Show your calculation here