1. Many people believe the bond ratings agencies played a role in the financial meltdown and mortgage crisis that began around 2008. What do you think were some of the issues people had with the bond rating agencies and were those issues reasonable?
2. Ocile, Co. will maintain a constant $6 dividend on its stock for 14 years and will then cease paying dividends forever. What is the current share price if the required return on this stock is 12%