XYZ Company has expected earnings of $5 for next year and usually retains 50 percent for future growth. Its dividends are expected to grow at a rate of 3 percent indefinitely. If an investor has a required rate of return of 11 percent, what price would he be willing to pay for XYZ stock?(please round to and use 2 decimal places, if your answer is $53.8922, enter 53.89, if your answer is $5, enter 5.00 ) Your Answer: Answer Hide hint for Question 42 Stock price = D1 /(rg); D1=Expected Earnings per share*(1- retention rate) Question 43 (1 point) A coupon bond that pays interest semiannually has a par value of $1,000, matures in 5 years, and has a yield to maturity of 6.5%. If the coupon rate is 6%, the intrinsic value of the bond today will be $ (Please use or round to 2 decimal places, for example, if your answer is $1,083.3892, enter 1083.39, if your answer is $1,000, enter 1000.00 )