1)Mr. Will is a friend of Mr. Chandra. Mr. Will currently holds the bond of Depma, Corp. which has a par value of $100,000,000. The bond still has 18 years to mature. The bond makes semiannual payment with a coupon rate of 8.26%. Mr. Will offers the price of $110,145,246.91 for Depma Corp. bond to Mr. Chandra. Calculate the YTM!

2)Mr. Chandra is also interested in investing his money in the shares of CF, Inc. CF, Inc. has just paid a cash dividend as much as $3. The dividend is expected to grow at a rate of 20% for the next two years and then fall off to 3.26% thereafter. The required rate of return in 8%. Calculate the intrinsic value of the stocks.