Q4A company that currently does not pay dividends on its stock is expected to begin paying a constant $3 dividend 6 years from now. The company is expected to maintain this constant dividend for 10 years and then cease paying dividends forever. The required return on this stock is 8%. What will be the share price 5 years from now?

Q6 A bond with 25 years to maturity currently sells for $808.25. If the bond pays a 4.5% coupon annually, what is this bonds YTM? Hint: The correct answer will round to .00 or .50.