Assume that you wish to purchase a bond with a 31-year maturity, an annual coupon rate of 7.25% a face value of $1.000, and semiannual interest payments. If you require a 6.75% return on this investment what is the maximum price you should be willing to pay for the bond? INCLUDE 2 DECIMAL PLACES WITH YOUR ANSWER. YOU MUST SHOW ALL WORK (INCLUDING FINANCIAL CALCULATOR KEYSTROKES USED TO SOLVE FOR ANSWER) TO RECEIVE CREDIT 1 x A- B 1 - Greshak Corp's common stock will pay a dividend of $3.00 next year. If the expected long-run growth rate for this stock is 5%, and if investors require an 11% rate of return, what is the price of the stock? TO RECEIVE CREDIT, YOU MUST SHOW ALL WORK NECESSARY TO SUPPORT YOUR ANSWER 1 x A. B