QUESTION 36 XYZ corp expects to earn $3.0 per share next year and plow back 16.67% of its earnings (ie, it expects to pay out a dividend of $2.5 per share, representing 83.33% of its earnings). The dividends are expected to grow at a constant sustainable growth rate and the stocks are currently priced at $30 per share. How much of the stock's $30 price is reflected in Present Value of Growth Opportunities (PVGO) if the investors' required rate of return is 20%7 $ QUESTION 37 The bonds issued by United Corp, bear a coupon of 6 percent, payable semiannually. The bond matures in 14 years and has a $1,000 face value. Currently, the bond sells at $994. The yield to maturity (YTM) is,