a$)$ ABC Cooperation has bonds that currently sell for Tsh $115,$ have an $11\%$ coupon rate and have $15$years to maturity. Compute the bond$$s yield to majority. Compare the yield to maturity you have calculated to the bond$$s coupon rate and use the comparison of the bond$$s price and its per value to explain this difference $($if any$)$

b$)$ Two companies A&B have different strategies for spending their earnings. Company A does not plough back any earning but B does. Company A is expected to produce a level of dividend stream of Tsh $500$ a share its current share price is Tsh $4000.$ On the other hand Company B earnings and dividend per share is expected to grow indefinitely by $5\%$ a year the next dividend for this company is expected to be Tsh $600$ and market capitalization rate is $12\%$

i$.$ What is the market capitalization rate for company A$?$

ii$.$ What is the current price for company B$$s share?