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Please need ASAP, atmost within an hour 2. a. Simmers Inc. paid its most recent (2020) annual dividend of $20 per share. The firm's financial

Please need ASAP, atmost within an hour

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2. a. Simmers Inc. paid its most recent (2020) annual dividend of $20 per share. The firm's financial manager expects that these dividends will grow at a 2% annual rate over the next four years. If the firm's cost of capital, *;, is 5.5%, then find out the price of the stock at the end of 2020. [5] b. On January 1, 2021, Simmers Inc.'s board of directors held a meeting with the Finance department and decided to raise long term funds for investment through issuing bonds. Hence the financial managers decided to issue a 11% coupon interest rate, 10-year bond with a $8500 par value that pays interest annually. If the yield to maturity on the bond is 8% then find out the price of the bond. Upon calculation of the price, please also specify what kind of a bond is this? [51

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