Hi$,$ please show your work, thanks for all your help! Question $1$: A firm just paid an annual dividend of $$2\mathrm{.}20.$ The current risk$-$free rate is $2\mathrm{.}5\%,$ the market risk premium

is $8\%,$ and the company has a beta of $1\mathrm{.}15.$ What is the intrinsic value of one share of the firm$$s stock

if dividends are expected to grow at $3\%$ indefinitely? Question $2$: Assuming a par value of $$1,000$ and a nominal yield of $7\%,$ which of the following bonds has the

shortest duration?

a$.$ A $30-$year bond with a $9\%$ semi$-$annual coupon

b$.$ A $20-$year bond with a $10\%$ annual coupon

c$.$ A $20-$year bond with a $7\%$ quarterly coupon

d$.$ A $10-$year zero coupon bond