You are planning on buying $100,000 face value of Australian Commonwealth Government Bonds.The bonds mature on 15 February 2016 and have a coupon rate of 4.75%.If your purchase will settle on 27 April 2012, and the quoted yield for the bond is 3.44%, what is the cash price of the bonds to the nearest dollar? The answer is 105,557_+10, please show me the process.

Hayden Ltd intends to make its first dividend payment 4 years(s) from now. It then intends to pay dividends annually thereafter. The company has announced it expects the first three dividends to all be of the magnitude of around 5 cents per share. Subsequent dividends will then be paid out at a set rate of 50% of earnings. Your earnings forecasts for this coming year suggest that $0.20 Earnings per Share (EPS) is the most likely outcome. You are then forecasting EPS growth of around 4.5% p.a. in perpetuity. What would beyour valuation of Hayden Ltd's shares, given you require a 15% p.a. return?

State your answer in dollars to THREE decimal places.

The answer is 0.611, please show me the process. Thanks