Prestige Worldwide is expected to pay $1.03 in dividends nex…

Prestige Worldwide is expected to pay $1.03 in dividends next year. The company just paid dividends of $1. If the growth rate is expected to continue, how much should be paid for Prestige Worldwide stock just after the dividend if the appropriate discount rate is 5%.

Which of the following amounts is closest to the value of a…

Which of the following amounts is closest to the value of a bond that pays $55 semiannually and has a semiannual interest rate of 5%?  The face value is $1,000 and the bond matures in 3 years. There are exactly six months before the first interest payment.