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Misty Mountain Top's (MMT) coal reserves are being depleted. MMT's annual dividend has been declining at a rate of 5% per year. If the dividend
Misty Mountain Top's (MMT) coal reserves are being depleted. MMT's annual dividend has been declining at a rate of 5% per year. If the dividend paid last week was $5 and your required return is 20%, what would you pay for a share of MMT stock? $20.00 $19.00$31.67 $24.00 $23.75 Hugo Reyes, Inc. offers a 7 percent coupon bond with semiannual payments and a yield to maturity of 9.64 percent. The bonds mature in 12 years. What is the market price of a $1,000 face value bond? $855.09 $816.90$814.63$881.81 $574.16
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