A. Nonconstant Dividend Growth Valuation A company currently pays a dividend of $2.8 per share (Do = $2.8). It is estimated that the company's dividend will grow at a rate of 24% per year for the next 2 years, and then at a constant rate of 8% thereafter. The company's stock has a beta of 1.1, the risk-free rate is 9%, and the market risk premium is 4%. What is your estimate of the stock's current price? Do not round intermediate calculations. Round your answer to the nearest cent. $ | B. Bond Valuation with Semiannual Payments Renfro Rentals has issued bonds that have an 11% coupon rate, payable semiannually. The bonds mature in 15 years, have a face value of $1,000, and a yield to maturity of 9.5%. What is the price of the bonds? Round your answer to the nearest cent. $