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1) The duration of an 11-year, $1,000 Treasury bond paying a 8 percent coupon and selling at par has been estimated at 7

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1) The duration of an 11-year, $1,000 Treasury bond paying a 8 percent coupon and selling at par has been estimated at 7.9106 years. What is the modified duration of the bond? The bond has semi-annual coupon payments.

2) A stock has a required return of 11%. ROE is 8%. The firm's retention ratio is 0.65. The last period's earnings per share was $15.00.

 What is the firm's PVGO?