a. Use the constant-growth dividend model (Gordon growth model) to find the value of each firm shown in the following table. Firm Dividen espected next year ($) Dividend growth rate (%) Required...

a. Use the constant-growth dividend model (Gordon growth model) to find the value of
each firm shown in the following table.

b. Even though most corporate bonds in the United States make a coupon payments
semiannually, bonds issued elsewhere often have annual coupon payments. Suppose
a German company issues a bond with a par value of €1,000, 23 years to maturity,
and a coupon rate of 3.8% paid annually. If the yield to maturity is 4.7%, what is the
current price of the bond?

c. Excellent Berhad has bonds on the market with 14.5 years to maturity, a YTM of 5.3%,
a par value of RM1,000 and a current price of RM1,045. The bonds make semiannual
payments. What must the coupon rate be on these bonds?