Hard-code numbers/repsonses use equations/functions to compute

Go to https://www.sec.gov/edgar/search/ and use more search options to search "Lumen Technologies" TIC:
LUMN in company name, find 2021 10-K (filed in early 2022, not the newest). As you can see, it's a big document
(put together by a big team of accounting and finance folks). Find the annual dividends paid per share in years
2019-2021.

Produce the timeline in excel for dividends paid from 2019-2022 (and we are going to assume the growth rate
from 2019-2021 continues forever)
year 2019 2020 2021 2022
dividend $ 1,100.00 $ 1,109.00 $ 1,087.00 $ 1,067.78
^complete question '#1' first

Additional Questions
1) Using excel math, What is the growth rate of dividends? growth between 2019 and 2021
2) If growth rate remains, what is the projected dividend for 2022?
3) What should be the price of the stock if the required rate of return is 9%? What is the theoretical stock price
based on the appropriate dividend growth model
4)
5) What
Underwould
these be the expected
conditions, dividendactual
find LUMN's in year 2030?price (internet), is it over, under or fairly valued based on
current
the dividend growth model inputs?

Disclaimer, do not go buy/sell this com

Similarly, go to https://www.sec.gov/edgar/search/ and use more search options to search "Exxon Mobil", find
the 2022 10-K- find the 2022, 2021, 2020 dividends per share. Also, find the find the 2019 10-K- find the 2019,
2018, 2017 dividends per share. Type those in the blue boxes.
Input the timeline in excel for dividends paid from 2017-2022
year 2017 2018 2019 2020 2021 2022
dividend $ 3.06 $ 3.23 $ 3.43 $ 3.48 $ 3.49 $ 3.55

Additional Questions
1) Using excel function, what is the growth rate of dividends? (use the annual rate of return between 2017 and
2022)
2) Assuming constant growth, what is the expected year 2023 dividend paid per share? Fill in the remaining
timeline projected dividends to 2025 assuming constant growth rate per year.
3) What should be the price of the stock if the required rate of return is 7.5%? Assume 2023 dividend as the "next
dividend"
4) Under these conditions, find XOM's current price (internet), is it over, under or fairly valued based on the
dividend growth model inputs?

Disclaimer, do not go buy/sell this com

 Ford Motor Company Bond: See accompanying Word document

1) Please provide the information on the bond and complete the timeline representation of the entire original life of the bond
AND the remaining life of the bond.
Coupon rate 4.0000%
Maturity Date 5/13/2030
Issue Date 11/13/2020
Current Date 5/13/2024 assume this is today's date for purposes of this project.
Face Value $ 1,000.00
Original Bond Price $ 100.00
Annual Coupon

Original Bond Life if it was 11/13/2020, draw the timeline of cash flows
CF Each
period/s 0 period 1 -- 19 20
Cash Flow $ 80.00 $ 1,080.00

Current Bond Life CF Each draw the timeline of cash flows

if it is 5/13/2024,
period 1 -- 12
(Just write one
period/s 0 CF) 13
Cash Flow $ 80.00 $ 1,080.00

Additional Questions

2) Using your timeline and excel function, what was the YTM on the bond the day it was issued?

3) Using your timeline and excel function, what is the calcualted YTM on the bond today?

4) Using your timeline and excel function, what would be the price of the bond today if the YTM goes up to 9%?

5) Calculate the current yield on the bond?

6) Is this bond rated investment grade or speculative grade?

7) How much money was raised by Ford in this issuance?

8) Does Ford receive cash flows from bondholders after 11/13/2020?

equations/functions to compute

n Technologies" TIC:
ee, it's a big document
id per share in years

me the growth rate

0.81818% $1,089.11
-0.9969%
-100% $73.28
-0.996853%
0.81818%
Answers $1,067.79 $1,067.79
-0.593% $73.28 $1,067.78
$1,067.78
eoretical stock price
$ 11,560.51 $1,932.34
irly valued based on $1,036.52
$7.48 APPROX
26-Oct
aimer, do not go buy/sell this company based solely on this info

h "Exxon Mobil", find

10-K- find the 2019,

2023 2024 2025

$4.24 $5.22 $6.62

Answers
between 2017 and
3.015%
n the remaining
$4.24
dividend as the "next
ed based on the
$121 APPROX
26-Oct
aimer, do not go buy/sell this company based solely on this info
ment

the entire original life of the bond

Answers

ued? -5.706% ($453.68)

6.413%

YTM goes up to 9%? ($625.99)

8.00%