4. If you require a 12% rate of return, how much would you pay now for a bond with a face value of $6,000, pays $160 interest each year and matures in 10 years' time? (Round your answer to the nearest $10).

1. $2,840
2. $2,850
3. $2,860
4. $2,870
5. None of the above

5. Eclipse Textile Company Ltd generated an EPS this year of $4.30 and paid a dividendof $1.65 per share. Eclipse Textile Company has recently been able to generate a return of 13.50% p.a. on its (book) equity base. If these numbers are assumed to be fairly stable, what will be Eclipse Textile Company's expected future growth rate?

1. 9.25%
2. 8.32%
3. 7.32%
4. 7.58%
5. None of the above

** Please show the all mathematical steps and the Financial Calculator step if possible, Thanks.