1. 17-year German government bond (bund) has a face value of €450 and a coupon rate of 4% paid annually. Assume that the interest rate (in euros) is equal to 6.70% per year. What is the bond's PV? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
2. Last year, a firm earned $40,200 in net income on sales of $217,600. The company paid $20,500 in dividends. What is the retention ratio?
3. You are given the following information on Kaleb's Welding Supply: Profit margin 6.2 % Capital intensity ratio .71 Debt–equity ratio .8 Net income $ 72,000 Dividends $ 15,400 Calculate the sustainable growth rate. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.