Required: 1. Spencer Co.'s common stock is expected to have a dividend of $4 per share for each of the next 10 years, and it is estimated that the market value per share will be $113 at the end of 10 years. If an investor requires a return on investment of 4%, what is the maximum price the investor would be willing to pay for a share of Spencer Co. common stock today? ). Mario bought a bond with a face amount of $1,000, a stated interest rate of 10%, and a maturity date 13 years in the future for $988. The bond pays interest on an annual basis. Three years have gone by and the market interest rate is now 12%. What is the market value of the bond today? . Alexis purchased a U.S. Series EE savings bond for $200, and ten years later received $518.81 when the bond was redeemed. What average annual return on investment did Alexis earn over the ten years?