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Three years ago, Jameson and Co. issued 20-year coupon bonds. The yield to maturity at the time of issuance was 5 percent and the bonds

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Three years ago, Jameson and Co. issued 20-year coupon bonds. The yield to maturity at the time of issuance was 5 percent and the bonds sold at par. The bonds are currently selling at 90 percent of par value. What is the current yield to maturity for these bonds? [Assume that the coupon is paid annually). (Round your answer to 2 decimal places and record as a percent but without a percent sign. For example, record 18.3893 3.47 % as 18.39). Your Answer: 7 Pharsalus Inc. just paid a dividend (i.e., Do) of $ 2.78 per share. This dividend is expected to grow at a rate of 4.7 percent per year forever. The appropriate discount rate for Pharsalus's stock is 9.6 percent. What is the price of the stock? (Round your answer to 2 decimal places and record your answer without dollar sign or commas). Your Answer: Robotic Atlanta Inc. just paid a dividend of $4.00 per share (that is, DO = 4.00). The dividends of Robotic Atlanta are expected to grow at a rate of 20 percent next year (that is, g1 = 20) and at a rate of 10 percent the following year (that is, g2 = 10). Thereafter (i.e., from year 3 to infinity) the growth rate in dividends is expected to be 5 percent per year. Assuming the required rate of return on Robotic Atlanta stock is 20 percent, compute the current price of the stock. (Round your answer to 2 decimal places and record your answer without dollar sign or commas). Your

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