1.) Blue Resort case. Assume a dividend has just been paid. The next dividend, to be paid in a year, is forecast at P3, the growth rate of dividends is g = 8 percent, and the discount rate is r =12 percent. Therefore, what is the price of Blue Resort stock using the constant-growth model? (your answer must be 2 digit number)

2.)Suppose you buy a bond for P1,020 with a 15-year maturity paying an annual coupon of P80. A year later interest rate have dropped and the bonds price has increased to P1,050. What is the holding period return after a year?(note: your answer must me rounded of to two decimal places then write the % sign; for example: 12.13%)