1. On January 31, 2022 you purchased a newly issued 5.6% coupon bond issued by the Dana Corporation for $1,023.56. The bond is noncallable and matures January 31, 2048. You decide to sell the bond April 30, 2023 when the bonds yield to maturity was 4.82 percent. Based on a 30/360 day-count method, how much will you receive from the sale of the bond (including accrued interest)?
2. Consider the December 31, 2022 and 2021 balance sheet for the Jasper Company and the income statement for the year ended December 31, 2022:

1. Considering the left-hand side of the cash flow identity (cash flows from assets associated with investment activities), determine Jasper Companys free cash flow (FCF) for the year 2022.
2. Jasper Company has 1,000 shares of common stock outstanding. Under the assumption that FCFs will grow by 2 percent into the foreseeable future, compute an estimate of the price per share based on FCFs if investors require a 9 percent return.
3. If Jaspers current dividend is expected to grow at 5 percent into the foreseeable future, what would then be the estimated price per share?

JASPER COMPANY Balance Sheets as of December 31, 2022 and 2021