Twenty years ago, Video Toys began manufacturing and selling coin-operated arcade games. Dividends are currently $3.80 per share, having grown at a 15% percent compound annual rate over the past 10 years. That growth rate is expected to be maintained for the next 3 years, after which dividends are expected to grow at half that rate for 2 years. Beyond that time, Video Toys's dividends are expected to grow at 6 percent per year. What is the current value of a share of Video Toys common stock if your required rate of return is 22%?

31.79

35.26

28.07

44.25

A U.S. Government bond was quoted at 97:02 "bid" and 97:06 "asked". How much would you have to pay for one of these $1,000.00 face value bonds? O $970,600 O $970,200 O $970,625 O $971,875