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I need help with these questions. I need to know how to solve this step by step by using a financial calculator. 1. Exxon 20
I need help with these questions. I need to know how to solve this step by step by using a financial calculator.
1. Exxon 20 year bonds pay 9% coupon annually on a $2000 par value. if the bond sells for $945, what is the bond expected rate of return?
2. if the dividend is $1.85/share, the market price at year-end is $43.50 and the required rate of return is 11% what is the current value of the stock?
HP 1Obll Financial Calculator 1,180.36 (PV I/YR NOM% PMT P/YR FV AMORT XP/YR EFF% INPUT MU CST IRR/YR PRC MAR BEG/END NPV CFi SWAP %CHG RND +/- -M RM M+ RCL STO Xx? CLE y 7 8 Oxo CALL IN + ON = OFF * DISP
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