please answer both questions

Earning 5 per common share of ABC Industries for the current year are expected to be $2.55 and to grow 10.5% per year over the next 4 years. At the end of the 5 years, earnings growth rate is expected to fall to 7.25% and continue at that rate for the foreseeable future. ABC5 dividend payout ratio is 40%. If the expected return on ABCs common shares is 15.5%, calculate the current share price. (Do not round intermediate calculations. Round your answer to the nearest cent.) Diamond Corporation is planning a bond issue with an escalating coupon rate. The annual coupon rate will be 4.3% for the first 3 years, 5.3% for the subsequent 4 years, and 6.3% for the final 6 years. If bonds of this risk are ylelding 5.3%, estimate the bond's current price. Face value of the bond is $1,000. (Round your answer to the nearest cent.)