1. What should a zero coupon bond maturing for $1000 in 9 years with a 7% market rate sell for?
2. Preferred stock has a dividend of $12 per year. The required return is 6%. What should be the price per share?

3. Hurricane Corporation expects to grow its dividend by 5% per year. The current dividend is $2 per share. The required return is 8%.

Please show all your work if you use the Calculator. If done in Excel, please send me the spreadsheet / workbook.