Answer the following questions. Table 6-4 or Table 6.5 . Note: Use appropriate factor(s) from the tables provided. Round the PV factors to 4 decimals. Required: a. Spencer Company's common stock is expected to have a dividend of $7 per share for each of the next 8 years, and it is estimated that the market value per share will be $115 at the end of 8 years. If an investor requires a return on investment of 12%, what is the maximum price the imvestor would be wiling to pay for a share of Spencer Company common stock today? b. Mario bought a bond with a face amount of $1,000, a stoted interest rate of 8%, and o maturity date 19 years in the future for $981 The bond poys interest on an annual basis. Three years have gone by and the market interest rate is now 12%. What is the market value of the bond today? c. Alexis purchased a U.S. Serios EE savings bond for $450, arid elght years later recelved $832.87 when the bond was redeemed. What average annual return on investment did Alexis earn over the eight years? Table 6-5: Factors for Calculating the Present Value of an Annuity of \$1 Table 6-4: Factors for Calculating the Present Value of \$1