54. Great Lakes Corporation just paid a $2 per share dividend to its common shareholders. An investment in Great Lakes is considered relatively risky and requires a discount rate of 20% p.a. It is forecasted that dividends in Great Lakes are going grow at a rate of 5% per annum indefinitely into the future. How much will a Great Lakes share be worth today? In 5 years? In 10 years? 55. Duke Ltd. does not plan to pay a dividend until year 3. Duke's expects the dividend in year five to be $1 and dividends in future years to grow at a constant rate of 5%. If the firm's risk-adjusted required rate of return is 7%, what is the value of a share of stock in the company today? 56. The investor purchased a 5-year bond for €4,875. At the same time, its nominal value is €5,000, the coupon rate is 14% p.a., and the coupon payments are made every six months. Calculate the size and number of coupon payments. What is the yield to maturity of the bond? 57. On April 1, 2018, a trader bought GAZPROM shares at a price of 131.35 RUB per 1 ordinary share. On September 17, 2019, he sold the shares at a price of 181.5 RUB. What is the profitability of the operation? Calculate annual share returns.
