2. Xin owns stock in a company which has paid the annual dividends shown in Table below: Year Dividends (Rs) 2017 2.89 2016 2.53 2015 2.22 2014 1.95 2013 1.71 2012 1.50 REQUIRED: Answer (i) Calculate the growth rate of these dividends. (2 marks) (ii) Calculate the estimated dividend for the year 2018. (2 marks) Side (iii) The required return is assumed to be 17 percent. Using the Gordon model, calculate first the per share value of the stock. (3 months in marks)