1. Grohl Co. issued 10-year bonds a year ago at a coupon rate of 8 percent. The bonds make semiannual payments. If the YTM on these bonds is 11 percent, what is the current bond price?

2. Teder Corporation stock currently sells for $90 per share. The market requires a 13 percent return on the firm's stock. If the company maintains a constant 7 percent growth rate in dividends, what was the most recent dividend per share paid on the stock?

3. You have $60910 you want to invest. You are offered an investment plan that will pay you 7.94 percent per year for the first 24 years and 4.33 percent per year for the last 18 years. How much will you have (in $) at the end of the two periods?