What is the intrinsic value of a stock which last paid a dividend of $2.55 and is expected to grow at 18% over the next 2 years after which it will settle down at a stable rate of 7% per annum? The investors required rate of return is 13%.

Waliemart Corporation issued a bond that has a 10% coupon rate, payable two time per year. The bonds mature in 5 years, have a face value of $1,000 and a yield to maturity of 12%. What is the price of the bond?