4 3.5 Yield to Maturity (%) 3 2.5 5 2 2 3 5 6 Maturity (years) The current zero-coupon yield curve for risk - free bonds is shown above. What is the price of a zero - coupon, four-year, risk - free bond of $100? A. $87.99 B. $96.67 C. $92.15 D. $85.64 Laurel Enterprises expects earnings next year of $3.73 per share and has a 50% retention rate, which it plans to keep constant. Its equity cost of capital is 9%, which is also its expected return on new investment. Its earnings are expected to grow forever at a rate of 4.5% per year. If its next dividend is due in one year, what do you estimate the firm's current stock price to be? The current stock price will be $ (Round to the nearest cent.)