The bond matures in 13 years with a yield to maturity of


1. Harpeth Valley Water District has a bond outstanding with a coupon rate of 2.83 percent and semiannual payments. The bond matures in 13 years, with a yield to maturity of 3.57 percent, and a par value of $5,000. What is the market price of the bond?

2. Ghost Riders Co. has an EPS of $1.45 that is expected to grow at 6.5 percent per year. If the PE ratio is 17.15 times, what is the projected stock price in 4 years?

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Financial Management: The bond matures in 13 years with a yield to maturity of
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