NU YU announced today that it will begin paying annual dividends. The first dividend will be paid next year in the amount of S41 a share. The following dividends will be $ 46, 5.61 and 591 a share annually for the following three years, respectively. After that dividends are projected to increase by 3 percent per year How much are you willing to pay today to buy one share of this stock if your desired rate of return is 11 percent? Murple Cholce $1172 O o 21 $12.00 52 The annual dividend yield is computed by dividing annual dividend by the current stock price. Multiple Choice the past 5-year average last year's this year's the next 5 year average next year's 7 Footsteps Co has a bond outstanding with a coupon rate of 51 percent and annual payments. The bond currently sells for $1016.53, matures in 15 years, and has a par value of $1,000. What is the YTM of the bond? Multiple Choice 510 0 4124 o o 502