Requirement-A. CTR Ltd issued a corporate bond 4 years ago. This 23-year 9.8 percent bond was issued at a par value of $1000. Coupons are paid semi-annually. The bond is currently selling at $825.98. Calculate the current yield to maturity for this bond. (1 MARK)

Requirement-B. The par value of the current 25-year 12% bond of PTR Ltd is $5,000. The bond has a remaining life of 9 years and the coupon is paid quarterly. The current market yield for a similar risky bond is 14.50%. What would be the expected market price for this bond? (1 MARK)

Requirement-C. The market expects 11.8 percent returns from the ordinary shares of ETR Ltd, which has just declared a dividend of $4.57 per share. It is anticipated that the earnings and dividends of ETR Ltd share will grow at 23 percent for the next 3 years before settling down to a constant 5.3% growth rate. What price is expected for ETR share by the investors? (1 MARK)