Heather Smith is considering a bond investment in Locklear Airlines. The $1,000 par value bonds have a quoted annual interest rate of 11 percent and the interest is paid semiannually. The yield to maturity on the bonds is 14 percent annual interest. There are 9 years to maturity Compute the price of the bonds based on semiannual analysis. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) A firm pays a $2.50 dividend at the end of year one (D1), has a stock price of $98 (Pe), and a constant growth rate (g) of 7 percent. a. Compute the required rate of return (ke). (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)