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The bonds issued by United Corp. bear a coupon of 4 percent, payable semiannually. The bond matures in 17 years and has a $1,000
The bonds issued by United Corp. bear a coupon of 4 percent, payable semiannually. The bond matures in 17 years and has a $1,000 face value. Currently, the bond sells at $1041. The yield to maturity (YTM) is %. Long Life Floors is expected to pay an annual dividend of $8 a share and plans on increasing future dividends by 3 percent annually. The discount rate is 8 percent. What will the value of this stock be 5 years from today (in $ dollars)? $
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