1. The present value of $100 to be received 10 years from today, assuming an opportunity cost of 9 percent, is: $______ . (Please calculate the arithmetic solution and show your work)
2. Given the following statement, please indicate whether it is true or false, and why: "A bond will sell at a premium when its required return rises above its coupon interest rate."
3. Emmy Lou, Inc. has an expected dividend next year of $5.60 per share, a growth rate of dividends of 10 percent, and a required return of 20 percent. The value of a share of Emmy Lou, Inc.'s common stock is: $________. (Please calculate the arithmetic solution and show your work)