Can someone please explain how to accumulate the answer:

Calculate the value of a bond that matures in 12 years and has a $1,000 par value. The coupon interest rate is 8 percent and the market's required yield to maturity on a comparable-risk bond is 12 percent.

Answer is $752.23

ANSWER 2

Golden Co.'s bonds mature in 15 years and pay 8 percent interest annually. If you purchase the bonds for $1,175, what is their yield to maturity?

6.18%Correct

ANSWER 3

If Pepperidge, Inc.'s return on equity is 16 percent and the management plans to retain 60 percent of earnings for investment purposes, what will be the firm's growth rate?

G = (rentention ratio) * ROE

=.60 * .16

G = 9.6%

ANSWER 4

Franklin Motor, Inc., paid a $3.75 dividend last year. If Franklin's return on equity is 24 percent, and its retention rate is 25 percent, what is the value of the common stock if the investors require a 20 percent rate of return?

Answer is $28.39.