Ali has $9,000 to invest and is considering the following securities for his portfolio:

1. 1) Ordinary shares of Biotech Ltd that has recently paid a yearly dividend of $4.50 and the company has forecasted an estimated dividend growth rate of 4% pa indefinitely. If Ali's required rate of return is 15%, How much will be prepared to pay for Biotech shares? If Ali invest all the funds to buy this share explain how many shares Ali can buy.
2. 2)  A bond issued by DMO Ltd has a face value of $1,000 and a coupon rate of 5% pa. The coupons are paid semi-annually and the bonds has 10 years to maturity and 6.5% pa yield.
3. Calculate the price of the bond.  If Ali invest all the funds to buy this bond explain how many bonds Ali can buy.