Hudson Corporation will pay a dividend of $3.00 per share next year. The company pledges to maintain a constant growth rate of 3% per year for its dividends. If you require a return of 10% on your investment, how much will you pay for the company's stock today?

Group of answer choices

$30.30

$42.86

$47.333

$33.15

Not enough information to given to solve

When a bond's yield to maturity equals its coupon rate, then this bond is a par value bond. T/F?

Group of answer choices

True

False

A zero coupon bond:

Group of answer choices

can only be issued by the U.S. Treasury

is sold at a large premium

provides no taxable income to the bondholder until the bond matures

has more interest rate ridk than a comparable coupon bond