McDonalds Corp's common stock paid a dividend of $3.48 in the most recent year (time 0). You think McDonald's common stock is in constant growth and expect dividends to grow at a rate of 2.9% forever. If the McDonald's current stock price is $148.42, what rate are common stockholders investors requiring?

You are estimating the cost of debt of FedEx by calculating the yield to maturity on its longest term bonds. These bonds have a par of $1000 (the same as all US corporate bonds), pay a coupon of 6.9% and have a maturity of 2039. If the current price of the bonds is expressed as 108.24, what is the simple yield to maturity of the bonds? (Round to four decimal places and put in decimal form: 9.68% is .0968)