a) The next divided Payment by Ashok Leyland Ltd. Is expected to be Rs.45 per Share .The dividends are expected to maintain an 10.0 percent growth rate forever into the future .If the Required return stock is 18.0%.What is the fair price for the stock ?

b) New Jersey Electric Supply is a Public Utility holding company with a 5.4 % cumulative perpetual preferred stock listed on the new York stock exchange. The par Value of the preferred stock is $100.If the required return on this stock is 7% .Estimate the fair value of the stock .

c) Deutsche Bank has issued bonds earning 12% p.a. coupon rate . The interest is Paid Semi-Annually bond’s face value 0s $1,000.If the yield of Maturity (YTM) is 14% p.a. What is the price you should pay for each of these bonds?