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answer correctly please:) Things Get Messi Enterprises is issuing new bonds for a capital budgeting project. The bonds will have 20.00 year maturities with a

answer correctly please:) image text in transcribed
Things Get Messi Enterprises is issuing new bonds for a capital budgeting project. The bonds will have 20.00 year maturities with a coupon rate of 7.50% APR with semi-annual coupon payments (assume a face value of $1,000 on the bond). The current market rate for similar bonds is 7.86% APR. The company hopes to raise $44.00 million with the new issue. Based on the current market rate, what will a new bond sell for? Answer format: Currency: Round to: 2 decimal places. A stock just paid a dividend this morning of $1.28. Dividends are expected to grow at 14.00% for the next two years. After year 2 , dividends are expected to grow at 7.80% for the following three years. At that point, dividends are expected to grow at a rate of 4.00% forever. If investors require a return of 12.00% to own the stock, what is its intrinsic value? Answer format: Currency: Round to: 2 decimal places

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