Gaming and Leisure Properties Inc. offers stock at $100/share and 6.15% is the dividend amount.

1. Using a 5% discount rate and a 4% growth rate. Calculate the companys value according to the Dividend growth model or Benjamin Graham formula.

2. Calculate the value of these bonds:

1. 10-year bond, with $1000 principal, a coupon rate 9% and discount rate 12%

b) 5-year bond, with $1000 principal, a coupon rate 3.5% and discount rate 5.5%

c) 30-year bond, with $1000 principal, a coupon rate of 7.5% and discount rate of 7.5%