Question $38(1$ point$)$

Bernard co$.$ has $8\%$ coupon bonds on the market that have $11$ years left to maturity.

The bonds will make annual payments. If the YTM on these bonds is $4\%,$ what is the

current bond price $($in $ dollars$)?($Assume the face value of the bond is $$1,000)$

$

Question $39(1$ point$)$

The expected constant$-$growth rate of dividends is $\%$ for a stock currently

priced at $$61,$ that just paid a dividend of $$6,$ and has a required return of $16\%?$

Question $40(1$ point$)$

After learning the course, you divide your portfolio into three equal parts $($i$.$e$.,$ equal

market value weights$),$ with one part in Treasury bills, one part in a market index, and

one part in a mutual fund with beta of $1\mathrm{.}2.$ What is the beta of your overall portfolio?