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Solve b&c please. Make sure to give me correct answers, please. Answer the following questions, Table 6.4 or Table 6.5. Note: Use appropriate factor(s) from
Solve b&c please. Make sure to give me correct answers, please.
Answer the following questions, Table 6.4 or Table 6.5. Note: Use appropriate factor(s) from the tables provided. Round the PV factors to 4 decimals. Required: a. Spencer Company's common stock is expected to have a dividend of $5 per share for each of the next 14 years, and it is estimated that the market value per share will be $117 at the end of 14 years. If an investor requires a return on investment of 6%, what is the maximum price the investor would be willing to pay for a share of Spencer Company common stock today? b. Mario bought a bond with a face amount of $1,000, a stated interest rate of 8%, and a maturity date 17 years in the future for $976. The bond pays interest on an annual basis. Three years have gone by and the market interest rate is now 10%. What is the market value of the bond today? c. Alexis purchased a U.S. Series EE savings bond for $200, and twelve years later received $779.12 when the bond was redeemed. What average annual return on investment did Alexis earn over the twelve years? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Mario vougint A bond with a face amount of $1,000, a stated interest rate of 8%, and a maturity date 17 years in the future for $976. The bond pays interest on an annual basis. Three years have gone by and the market interest rate is now 10%. What is the market value of the bond today? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Answer the following questions. Table 64 or Table 65. Note: Use appropriate factor(s) from the tables provided. Round the PV factors to 4 decimals. Required: a. Spencer Company's common stock is expected to have a dividend of $5 per share for each of the next 14 years, and it is estimated that the market value per share wil be $117 at the end of 14 years. If an investor requires a return on investment of 6%, what is the maximum price the investor would be willing to pay for a share of Spencer Company common stock today? b. Mario bought a bond with a face amount of $1,000, a stated interest rate of 8%, and a maturity date 17 years in the future for $976. The bond pays interest on an annual basis. Three yoars have gone by and the market interest rate is now 10%. What is the market value of the bond today? c. Alexis purchased a U.S. Series EE savings bond for $200, and twelve years later received $779.12 when the bond was redeemed. What average annual return on investment did Alexis earn over the twelve years? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Alexis purchased a U.S. Series EE savings bond for $200, and twelve years later received $779.12 when the bond was redeemed. What average annual return on investment did Alexis earn over the twelve years Step by Step Solution
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