Assuming a market rate of 9.6% over all maturities, the current yield of a bond with a coupon rate of 7.4%, paying semi-annual coupons, with 8.5 years to maturity is: 819.07 * % (Face value is $1,000) (Note: please retain at least 4 decimals in your calculations and at least 2 decimals in the final answer.) x. An investment pays $503 every second year for 20 years (a total of 10 payments). The first payment is paid today. Your opportunity cost is 8% compounded semi- annually. The present value of this investment is $ 3739.97 (Note: please retain at least 4 decimal places in your calculations and at least 2 decimal places in the final answer.) Gadgets Inc. just paid a dividend of $1.33. It expects its earnings and dividends to decline at a rate of 4% per year indefinitely. What is the value of the stock today if the required return is 10.1%? The value of the stock today is $ 9.43 (Note: please retain at least 4 decimal places in your calculations and at least 2 decimal places in the final answer.)