ABC Plc issued bonds at face value of 100 and at a yield to maturity of 7%. Now, with 8 years left until the maturity of the bonds, the company has run into hard times and the yield to maturity on the bonds has increased to 15%. What happened to the price of the bond, if we assume the coupon is paid annually?

ABC Plc has just paid a dividend of 1 per share. The dividends are expected to grow at 25% per year for the next three years and at the rate of 5% per year thereafter. If the required rate of return on the stock is 18%, what is the current value of the stock?