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Question 38 (0.15 points) You have a zero coupon bond (pays no interest until maturity) that will be worth $1,000 (face value) when it matures

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Question 38 (0.15 points) You have a zero coupon bond (pays no interest until maturity) that will be worth $1,000 (face value) when it matures in 5 years, but you need cash today. If the current going rate of interest is 4%, what is your bond worth if you sell it today (rounded to the nearest dollar)? A) $822 B) $747 C) $800 D) $705 Question 39 (0.15 points) AJAX Company is planning to pay a dividend of $4.20 per share this year (Di). The growth rate for future years is a constant 4% per year. If AJAX Company's common stock is selling for $60 per share, the stockholders' expected rate of return is: OA) 11.0% B) 12.5% OC) 11.5% D) 7.0%

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