What is price of the bond

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A bond is issued at a nominal value of $1,000, pays a coupon rate of 8% per year with a maturity value of 10 year. The market interest rate is 8%. What is the price of the bond?

 

A stock just paid a dividend of $1. The required rate of return is rs = 11%, and the constant growth rate is 5%. What is the stock price three years from now?

Reference no: EM131508553

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