Question: Please show you explanation for both using a TVM calculator! 23. Bull Dog Pretzels' stock price is expected to be $74 next year (1 year
Please show you explanation for both using a TVM calculator!

23. Bull Dog Pretzels' stock price is expected to be $74 next year (1 year from today) immediately after paying a dividend of $4.23. If its equity cost of capital is 18%, what is the expected capital gain if you sell the stock at the end of the coming year (1 year from today)? A) $7.70 B) $11.29 C) $11.93 D) $13.32 24, what is the yield to maturity of an eight year $1000 bond with a 8.6% coupon rate and semi-annual coupons if the bond is currently trading for $1173 A) 2.93% B) 5.83% C) 5.86% D) 6.79%
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