1. Westlake Ltd. just paid dividend of $2 per share, which is expected to grow at a constant rate of 6.5 percent indefinitely. The discount rate is 11.5 percent. Calculate Westlake's current share price

2. What is the price of a 10-year, 8-percent, semi-annual coupon bond when the market rate is 6 percent? The face value is $1000

3. Suppose you want to have $15 million to retire 25 years from now. How much should you have to invest today if your annual rate is equal to 5 percent?