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%. REPLY POST: Question 2 1) What was the price of the bonds on January 1, 2017, assuming that the level of interest rates increased to 10%? 2) Assume the bonds sold for $950.00 on January 1, 2017. What was the YTM on that date? 3) Do you agree with the stock valuation in part 4 of the primary post? If the stock was selling for $42.70 on January 1, 2018, would you purchase it? Use the correct stock valuation as the basis for your