1. Convert a quoted interest of 10% compounded semiannually to an interest rate compounded monthly. Answer to the nearest 0.01%, leaving off the % sign.
2. Please provide Apple Inc. Market Price per Share from 2012 to 2016.
3. Laurel Enterprises expects earnings next year of ?4.00 per share and has a 40% retention? rate, which it plans to keep constant. Its equity cost of capital is 10%?, which is also its expected return on new investment. Its earnings are expected to grow forever at a rate of 4.0% per year. If its next dividend is due in one? year, what do you estimate the? firm's current stock price to? be?