1. What is the PV of growth opportunities?
2. ROE is 14% and b is .65. Div1 is $1, Div2 is $1.20, Div3 is $1.37, and Div4 is $1.50.Price4 is expected to be $41.35. If the cost of equity capital is 14.50%, what is the intrinsic value of the stock?
3. Coupon pays 7%. Semi-annual coupon payments. 45 days have passed since the past payment.Par is $1000. Flat price is $975. What is the Invoice Price?