1. Nesmith Corporation's outstanding bonds have a $1,000 par value, a 10% semiannual coupon, 10 years to maturity and an 8% YTM. What is the bond's price? Round your answer to the nearest cent. $
2. Jefferson & Daughter has a cost of equity of 14.6 percent and a pre-tax cost of debt of 7.8 percent. The required return on the assets is 13.2 percent. What is the firm's debt-equity ratio based on M&M II with no taxes? please show complete work
3. Jonathan plans to invest $75,000 today in a high risk/high return exchange traded fund, which promises to be worth $950,000 after 18 years. What is the implied annual rate of return?