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NEED ANSWER ASAP / ANSWER NEVER USED BEFORE

a.)

One year ago Lerner and Luckmann Co. issued 15-year, noncallable, 7.6% annual coupon bonds at their par value of $1,000. Today, the market interest rate on these bonds is 5.5%. What is the current price of the bonds, given that they now have 14 years to maturity?

Select the correct answer.

a. $1,194.42

b. $1,204.86

c. $1,208.34

d. $1,201.38

e. $1,197.90

b.)

Haswell Enterprises' bonds have a 10-year maturity, a 6.25% semiannual coupon, and a par value of $1,000. The going interest rate (r_d) is 9%, based on semiannual compounding. What is the bond's price?

Select the correct answer.

a. $806.58

b. $813.86

c. $821.14

d. $810.22

e. $817.50

c.)

A stock is expected to pay a dividend of $0.75 at the end of the year. The required rate of return is r_s = 10.5%, and the expected constant growth rate is g = 7.5%. What is the stock's current price?

Select the correct answer.

a. $27.72

b. $25.00

c. $30.44

d. $29.08

e. $26.36

d.)

A stock just paid a dividend of D₀ = $1.50. The required rate of return is r_s = 8.5%, and the constant growth rate is g = 4.0%. What is the current stock price?

Select the correct answer.

a. $36.11

b. $35.15

c. $35.63

d. $34.67

e. $34.19