No Crash Airlines has an annual dividend of 1.17 per share. The company expects 5% annual growth. Investors require a 12% return from this stock. What is its current price?

Question 4 options:

A)

11.70

B)

13.44

C)

9.75

D)

16.71

Save

Question 5(1 point)

A bond has a par value of 1,000. The bond matures in 17 years. Assume semi-annual payments. For a coupon rate of 9% and a yield of 11%, what is the current price?

Question 5 options:

A)

922.35

B)

847.63

C)

1,123.91

D)

1,036.72

Save

Question 6(1 point)

A semi-annual bond has a maturity date of 20 years from now. Assuming a face value of 1,000, a coupon rate of 7%, and a yield of 9%, what is the bond's price?

Question 6 options:

A)

977.61

B)

1,011.12

C)

815.98

D)

1,000.00