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DISCUSS QUESTION #2 The Nordic Corporation issued a new series of bonds on January 1, 2015. The bonds were sold at par value ($1,000), have

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DISCUSS QUESTION #2 The Nordic Corporation issued a new series of bonds on January 1, 2015. The bonds were sold at par value ($1,000), have 8% coupon, and mature in 20 years. Coupon payments are made annually. The Nordic Corporation also has common stock. You believe the company will pay total dividends in 2018 of $1.42. Dividends for 2019 and 2020 will be $1.54 and $1.66, respectively. In addition you believe the price of stock at the end of 2020 will be $54.10 per share. The appropriate discount rate is 11%

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