Calculate the value of a $1,000 par bond which has 15 years until maturity and pays semiannual interest at an annual coupon rate of 6 percent. The required return on similar-risk bonds is 7 percent. The first interest payment is 6 months from today. Select the range that includes the bond's correct price. Round only your final answer to two decimal places. O Less than $900 Greater than or equal to $900, but less than $925 Greater than or equal to $925, but less than $950 Greater than or equal to $950, but less than $975 O Greater than or equal to $975 Duster Co. just paid a dividend of $2.00. Dividends will grow by 4% for the next three years. After that dividends will grow by 3% into perpetuity. Duster's stock has a required rate of return of 14 percent. What should be the price per share of Duster stock four years from today (immediately after the year 4 dividend is paid)? Select the range that includes the correct solution. Round only your final answer to two decimal places. O Less than $20 O Greater than or equal to $20, but less than $21 O Greater than or equal to $21, but less than $22 O Greater than or equal to $22, but less than $23 O Greater than or equal to $23 You are considering buying stock for Finance Inc. If you buy the stock, you estimate that you will get a dividend of $5 one year from today. Two years from today you will get a dividend of $6. mmediately after receiving the $6 dividend, you will then sell the stock for $70. If your required rate of return is 9%, how much should you pay for the stock today given your estimates? Round only your final answer to two decimal places. O $68.55 O $72.37 O $64.22 O $66.89 O None of the above are correct