Calculate the price of a $1,000 bond, offering a 6% coupon payment with 20 years left to maturity and a market interest rate of 7%. (Assume interest payments are semiannual.) Is this a discount or premium bond?

Price: _____ Type: _____

Financial analysts forecast GDY Inc.s growth for the future to be 8%. GDY's recent annual dividend was $6.00. What is the value of GDY stock when the required return is 11%?

Stock Value: $______