1. What are the main factors that determine the nominal interest rate on a bond?
2. The last dividend paid by Abbot Company was $3.29. Dividends are expected to grow at 14% for the next 2? years, then grow at a constant 2% indefinitely. If the required return is 5%?, what should be the current stock? price? The current stock price should be ?$nothing. ?(Round to the nearest? cent.)