What is approximate market value of the bond

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1. A 19-year zero-coupon bond was issued with a $1000 par value to yield 15. What is the approximate market value of the bond?

2. An issue of common stock is selling for $58.40. The year end dividend is expected to be $2.75 assuming a constant growth rate of 7%. What is the required rate of return?

Reference no: EM131624684

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