... the PV of the first 12 quarterly payments of $1. PV 1-1 2 = Div1 ATr = $1 A120.025 = $10.26 Copyright 2003, McGraw-Hill. All rights reserved. The price of the bond is ... price of the bond, apply the annuity Copyright 2003, McGraw-Hill. All rights reserved. NPVGO = C0 + C1 +[C2 / r] / (1+r)T = -$ 15,000,000 – $5,000,000 / 1.15 + [$10,000,000 / 0.15] ... calculate the price of the stock. The share price is equal to the per-share value of the firm’s existing operations, plus the per-share value of growth opportunities. The earnings per share of the...