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1. New Markets has bonds outstanding that pay interest semiannually, mature in 14.5 years, and have a 4.5 percent coupon. The current price is quoted at 97.6 (97.6% of the par value). What is the yield to maturity Please provide steps needed to solve it

2. TMS just paid an annual dividend of $2.84 per share on its stock. The dividends are expected to grow at a constant rate of 1.85 percent per year. If investors require a rate of return of 10.4 percent, what will be the stock price be in Year 11. Please provide steps

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Financial Management, Finance

Category:- Financial Management
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