Bank of America is expected to pay a dividend of $0.48. The dividend is expected to grow 3% per year. What is the stock's intrinsic value if the required return is 11%?
A stock is expected to pay a $0.5 dividend. What is the price of the stock if the required return is 8%?
A company has outstanding bonds with a $ 1,000 par value, a 7% coupon with semiannual payments. What is the bond's price if there are 9 years to maturity, and the yield to maturity is 9%?
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