裢勇牛经降贸昌大是 公司理财 reasonably good health and expected to live for at last 15 more years.Which option should she choose,assuming that an 8 percent interest rate is appropriate to evaluate the annuity? 7.Determine the value of a $1,000 Canadian Pacific Limited perpetual 4 percent debenture (bond) at the following required rates of return: a.4 percent b.5 percent. c.6 percent. 8.Consider Allied Corporation's 9 percent debentures that mature on April 1,2000.Assume that the interest on these bonds is paid annually.Determine the value of a $1,000 denomination Allied Corporation bond as of April 1,1988 to an investor who holds the bond until maturity and whose required rate of return is: a.7 percent b.9 percent c.11 percent 9.What would be the value of the Allied Corporation bonds (see problem 8)at an 8 percent required rate of return if the interest were paid and compounded semiannually? 10.What is the value of a share of Litton Industries Series B $2.00 cumulative preferred stock to an investor who requires the following rate of return? a.9 percent b.10 percent c.12 percent 11.The common stock of General Land Development Company (GLDC)is expected to pay a dividend of $1.25 next year and currently sells for $25.Assume that the firm's future dividend payments are expected to grow at a constant rate for the foreseeable future.Determine the implied growth rate for GLDC's dividends(and earnings)assuming that the required rate of return by investors is 12 percent. 12.Over the past 5 years,the dividends of the Gamma Corporation have grown from $0.70 per share to the current level of $1.30 per share(Do).This growth rate(computed to one tenth of 1 percent accuracy)is expected to continue for the foreseeable future.What is the value of a share of Gamma Corporation common stock to an investor who requires a 20 percent return on her investment? 第2页共5页公司理财 reasonably good health and expected to live for at last 15 more years. Which option should she choose, assuming that an 8 percent interest rate is appropriate to evaluate the annuity? 7. Determine the value of a $1,000 Canadian Pacific Limited perpetual 4 percent debenture (bond) at the following required rates of return: a. 4 percent b. 5 percent. c. 6 percent. 8. Consider Allied Corporation’s 9 percent debentures that mature on April 1, 2000. Assume that the interest on these bonds is paid annually. Determine the value of a $1,000 denomination Allied Corporation bond as of April 1, 1988 to an investor who holds the bond until maturity and whose required rate of return is: a. 7 percent b. 9 percent c. 11 percent 9. What would be the value of the Allied Corporation bonds (see problem 8) at an 8 percent required rate of return if the interest were paid and compounded semiannually? 10. What is the value of a share of Litton Industries Series B $2.00 cumulative preferred stock to an investor who requires the following rate of return? a. 9 percent b. 10 percent c. 12 percent 11. The common stock of General Land Development Company (GLDC) is expected to pay a dividend of $1.25 next year and currently sells for $25. Assume that the firm’s future dividend payments are expected to grow at a constant rate for the foreseeable future. Determine the implied growth rate for GLDC’s dividends (and earnings) assuming that the required rate of return by investors is 12 percent. 12. Over the past 5 years, the dividends of the Gamma Corporation have grown from $0.70 per share to the current level of $1.30 per share (D0). This growth rate (computed to one tenth of 1 percent accuracy) is expected to continue for the foreseeable future. What is the value of a share of Gamma Corporation common stock to an investor who requires a 20 percent return on her investment? 第 2 页 共 5 页