..NEED ANSWER ASAP / ANSWER NEVER USED BEFORE

a.)

Bond Valuation with Semiannual Payments

Renfro Rentals has issued bonds that have a 9% coupon rate, payable semiannually. The bonds mature in 16 years, have a face value of $1,000, and a yield to maturity of 8.5%. What is the price of the bonds? Round your answer to the nearest cent.

$

b.)

Constant Dividend Growth Valuation

Boehm Incorporated is expected to pay a $1.60 per share dividend at the end of this year (i.e., D₁ = $1.60). The dividend is expected to grow at a constant rate of 3% a year. The required rate of return on the stock, r_s, is 10%. What is the estimated value per share of Boehm's stock? Do not round intermediate calculations. Round your answer to the nearest cent.

$