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What is the value of a common share with an expected perpetual stream of annual dividends, with the first dividend of $1.99 to be received in one year and with all subsequent dividends growing at a rate of 5.3 percent, assuming a required rate of return of 11.5 percent? The value of a common share is $ (Round to the nearest cent.) Consider two bonds, Bond C and Bond D, both with a yield to maturity of 7.7 percent and with 5 years to maturity. These are standard bonds with semi-annual coupon payments. Bond C has a coupon rate of 9 percent (with semi-annual coupon payments) while Bond D does not pay any coupons (i.e., it is a zero-coupon bond). What is the price of each bond? The price of Bond C is $ (Round to the nearest cent.) The price of Bond D is $ (Round to the nearest cent.) Consider two bonds, Bond C and Bond D, both with a yield to maturity of 11.6 percent and with 6 years to maturity. These are standard bonds with semi-annual coupon payments. Bond C has a coupon rate of 11.6 percent (with semi-annual coupon payments) while Bond D does not pay any coupons (i.e., it is a zero-coupon bond). What is the price of each bond? The price of Bond C is $ (Round to the nearest cent.) The price of Bond D is $(Round to the nearest cent.)

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