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Simpkins Corporation does not pay any dividends because it is expanding rapidly and needs to retain all of its earnings. However, investors expect Simpkins to begin paying dividends, with the first dividend of $2.00 coming 3 years from today. The dividend should grow rapidly - at a rate of 55% per year - during Years 4 and 5. After Year 5 , the company should grow at a constant rate of 7% per year. If the required return on the stock is 17%, what is the value of the stock today (assume the market is in equilibrium with the required return equal to the expected return)? Round your answer to the nearest cent. Do not round your intermediate computations. Quantitative Problem: Potter Industries has a bond issue outstanding with a 6% coupon rate with semiannual payments of s30, and a 10-year matunty. The par value of the bond is $1,000. If the going annual interest rate is 8.6%6, what is the value of the bond? Round your answer to the nearest cent. Do not round intermediate calculations