please use excel and show work in the cells. 7. What is...
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please use excel and show work in the cells.
7. What is the present value of $4,100 per year, at a discount rate of 9 percent, if the first payment is received 5 years from now and the last payment is received 15 years from now? 8. Fifth National Bank just issued some new preferred stock. The issue will pay an annual dividend of $22 in perpetuity, beginning 11 years from now. If the market requires a return of 3.6 percent on this investment, how much does a share of preferred stock cost today
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