Nike Investment Ltd has following capital structure:

Debt: $$1,000,000$ par value of outstanding bond with $10\%$ coupon payment per year with an annual before$-$tax yield to maturity of $12\%.$ The face value of the bond is $$1,000$ and will mature in $20$ years.

Ordinary shares: $30,000$ outstanding ordinary shares. The firm expects to pay a $$7\mathrm{.}50$ dividend per share next year and expects a $3\%$ annual growth rate in dividends indefinitely.

a$)$ Calculate the current price of the corporate bond?

b$)$ Calculate the current price of the ordinary share if the average return of the shares in the same industry is $12\mathrm{.}5\%?$

c$)$ Calculate the current total market value of the firm