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ETERN Part I: PROBLEMS (60%) Problem 1(10%) a) What is the yield to maturity of a ten-year, 510.000 bond with a 50% coupon rate and

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ETERN Part I: PROBLEMS (60%) Problem 1(10%) a) What is the yield to maturity of a ten-year, 510.000 bond with a 50% coupon rate and womiannual coupons if this bond is currently trading for a price of $9207937 b) City Enterprises has the following expected dividends: $1 in one year, 51.15 in two years, and $1.25 in three years. After that, its dividends are expected to grow at 1% per year forever. If City equity cost of capital is 12%, what is the current price of its stock

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