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Question 28 3 pts You purchase a share of common stock in Investment Firm. You expect the stock to pay an annual dividend of $7.75
Question 28 3 pts You purchase a share of common stock in Investment Firm. You expect the stock to pay an annual dividend of $7.75 indefinitely. The market requires a return of 13.60%. What is the price of a share of Investment Firm's stock? O $56.99 O $105.40 $8.80 O $6.82 Question 29 3 pts Furniture Manufacturers issued a 22 year monthly bond with a par value of $1,000. The coupon rate on the bond is 7.60% and the yield to maturity is 6.95%. What is the current price of the bond? O $91.13 $1,073.16 O $298.39 O 1,072.20
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