You are purchasing a $20-$year, zero$-$coupon bond. The yield to maturity is $12\mathrm{.}78$ percent and the face value is $$1,000.$ What is the current market price?

$$228\mathrm{.}47$

$$179\mathrm{.}33$

$$83\mathrm{.}94$

$$221\mathrm{.}5$

$$182\mathrm{.}8$

$2$ points

Combined Communications is a neWv firm in a rapidly growing industry. The company is planning on increasing its annual dividend by $15$ percent a year for the next $4$ years and then decreasing the growth rate to $3\mathrm{.}5$ percent per year. The company just paid its annual dividend in the amount of $$0\mathrm{.}20$ per share. What is the current value of one share of this stock if the required rate of return is $16$ percent?

$$2\mathrm{.}2$

$$2\mathrm{.}49$

$$2\mathrm{.}71$

$$2\mathrm{.}38$

$3\mathrm{.}05$