Answer the following questions. Table 6-4 or Table 6-5. (Use appropriate factor(s) from the tables provided. Round the PV factors to 4 decimals.) Required:

Spencer Co.'s common stock is expected to have a dividend of $4 per share for each of the next 8 years, and it is estimated that the market value per share will be $139 at the end of 8 years. If an investor requires a return on investment of 6%, what is the maximum price the investor would be willing to pay for a share of Spencer Co. common stock today

Maximum price

Mario bought a bond with a face amount of $1,000, a stated interest rate of 10%, and a maturity date 12 years in the future for $981. The bond pays interest on an annual basis. Three years have gone by and the market interest rate is now 8%. What is the market value of the bond today?

Market value

Alexis purchased a U.S. Series EE savings bond for $500, and ten years later received $1,297.02 when the bond was redeemed. What average annual return on investment did Alexis earn over the ten years?

Alexiss average annual return on investment

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