You own a bond portfolio worth $400,000 with a Modified Duration of 14 years. If your portfolio's average YTM were to decrease by ten basis points overnight, what would be the approximate new value of your portfolio? O a. $404,000 O b. $405,600 O c. $407,200 O d. $408,800 O e. $410,400 A company generated a free cash flow of $50 million in its most recent fiscal year. The company's FCFF is expected to grow 6% for one year, followed by a stable growth rate of 2% thereafter in perpetuity. The company's cost of capital is 9%. It has $7 million of debt and $1 million of cash. There are 30 million shares outstanding. How much is each share worth based on these projections? O a. $21.9 O b. $25.0 O C. $29.2 O d. $35.1 O e. $44.0