1-Gyro Tech Corporation has a bond outstanding with a market price of $1,155.00. The bond has 2 years to maturity, pays interest semiannually, and has a yield to maturity of 9%. What is the bond's coupon rate?

2-America Inc. paid a dividend of $2.50 recently. It has maintained a dividend growth rate of 7% in the past and expects to maintain that indefinitely. How much is the stock worth if you want 12% rate of return?

3-Lowell Growth Inc. is a high growth company and expects to use all its earnings in the next five years to fund its growth. At the end of the sixth year, the company will pay a dividend of $4.50 and these dividends will grow at a constant rate of 5% per year thereafter. What is the stock worth if you require 16% rate of return?