years. What is the present value of the dividends to be received 6 discount rate is 15 percent? Round final answer to two decimal places.) a. $4.85 b. $5.37 c. $5.50 d. S6.14 17. Metasteel Limited Co. has a stable track record with sales that are not expected to grow in the next several years. Its last annual dividend was $5.75. If the required rate of return on similar investments is 18 percent, what is the current stock price? (Round the answer to two decimal places.) a. $103.50 b. $13.50 c. $39.30 d. $31.94 8 You can buy a $1,000 par value bond for $800. The coupon rate is 10% with annual payments), and there are 10 years before the bond will mature and pay off its $1,000 par value. The price of the bond suggests that the expected return on bonds with this risk is lower than 10%. a. True b. False lI dincount rae that makes the present value of the