$3$:$12$

Assignment Details

CRN$20307\_$FIN$3400\_$Financial Management

# $1-$ One year ago, Richard purchased $$1,260$ worth of Double GG Corporation common stock for $$42$ per share. During the year, Richard received two dividend payments, each equal to $$\mathrm{.}05$ per share. The current market value of the stock is $$44$ per share. What yield did Richard earn on his investment during the year? Round your answer to one decimal.

# $2-$ A $$1,000$ par value bond pays interest of $$35$ each quarter and will mature in $10$ years. If your simple annual required rate of return is $12$ percent with quarterly compounding, how much should you be willing to pay for this bond? Round your answer to the nearest dollar.