Question
Keidis Industries will pay a dividend of $4.45, $5.55, and $6.75 per share for each of the next three years, respectively. In four years, you
Keidis Industries will pay a dividend of $4.45, $5.55, and $6.75 per share for each of the next three years, respectively. In four years, you believe that the company will be acquired for $62.00 per share. The return on similar stocks is 9.6 percent. What is the current stock price?
Whipple Corp. just issued 260,000 bonds with a coupon rate of 5.90 percent paid semiannually that mature in 25 years. The bonds have a YTM of 6.34 percent and have a par value of $2,000. How much money was raised from the sale of the bonds?
Lincoln Par Co. has a bond outstanding with coupon rate of 5.88 percent and semiannual payments. The yield to maturity is 4.5 percent and the bound matures in 23 years . what the market price if the bound has a par value of $2000?
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