1. Haswell Enterprises' bonds have a 10-year maturity, a 6.25% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 7.75%, based on semiannual compounding. What is the bond's price?
2. A firm is expected to pay a dividend of $3.25 next year and $3.55 the following year. Financial analysts believe the stock will be at their price target of $105 in two years. Compute the value of this stock with a required return of 12.6 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.)