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Calculate the price of a bond originally issued six years ago that pays semiannual interest at the rate of 12 percent and matures in ten

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Calculate the price of a bond originally issued six years ago that pays semiannual interest at the rate of 12 percent and matures in ten years at $1,200. The market currently requires an 8 percent return for a bond of this risk. (Use a Financial calculator to arrive at the answers. Do not round intermediate calculations. Round the final answer to 2 decimal places.) Price of a bond $ The Fleming Corporation paid a dividend of $1.60 last year. Over the next 12 months, the dividend is expected to grow at 9 percent, which is the constant growth rate for the firm. The new dividend after 12 months will represent D1. The required rate of return is 23 percent. Compute the price of a common share. (Round the final answer to 2 decimal places.) Common share price $

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