Calculate the current price of a $1,000 par value bond that has a coupon rate of 14 percent, pays coupon interest annually, has 14 years remaining to maturity, and has a current yield to maturity (discount rate) of 6 percent. (Round your answer to 2 decimal places and record without dollar sign or commas). Your Answer: Answer Pharsalus Inc. just paid a dividend (i.e., D0) of \$ 1.52 per share. This dividend is expected to grow at a rate of 5.5 percent per year forever. The appropriate discount rate for Pharsalus's stock is 13.2 percent. What is the price of the stock? (Round your answer to 2 decimal places and record your answer without dollar sign or commas)