Question 4 Your friend just came back from his vacation in Patagonia, Chile. He has financed his trip with a travel agency. The agency requires him to pay $300 per month, starting today, for the next 3 years. How much did the trip cost if the appropriate discount rate is 3% APR with monthly compounding? The trip cost $ Question 5 0.5 pts Question 6 Clorox is expected to pay a dividend of $3.9 next year. After that, the dividend is expected to grow at 4% indefinitely. If the appropriate required return for this stock is 10%, how much should the stock price be? Note that the stock price is the present value of future cash flows. The stock price $ I 0.5 pts 0.5 pts U.K. Government plans to issue bonds which pay a coupon of GBP70 per year indefinitely. If you require 8% return, how much should you pay for the bonds? Note that the bond price is the present value of future cash flows. Price that you should pay per bond GBP