1. Compute the future value in year 9 of a $6,000 deposit in year 1 and another $5,500 deposit at the end of year 5 using an 9 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.)
2. Jon, Inc., has an issue of preferred stock with a dividend of $3.50 annually. The appropriate is discount rate = 12%. What is the price of the stock? A. $35.00 B. $3.50 C. $29.17 D. $33.16 E. $18.00
Please explain answer