You are considering investing in ABC 's bond and stock. The bond's coupon rate is 8% and maturity is 30 years. ABC has just paid dividend of $30. The dividend is expected to grow at 22% per year for the first 9 years, 12% for the next 10 years, 5% for the next 13 years, and then 3% forever. a) If the YTM of the bond is 6\%, what is the bond price? (Always use the typical assumptions of bond unless the question says otherwise) b) If the stockholders require 600 basis points ( 100 basis points =1%) risk premium over its bond YTM, what is the stock price