a. Morant Bay Limited common stock currently pays an annual dividend of $3.60. The required return on the common stock is 6%. Dividend is expected to grow at an annual rate of 5% for each of the next 3 years followed by a constant annual growth of 4% in year 4 . Calculate the current market price of the common stock. (10 marks) b. Differentiate between Ordinary shares and preferred shares. (5 marks) c. The Z. Co. paid $11.32 in dividend last year. The expected growth rate is 6% for the foreseeable future. If investor's required rate of return is 10%. What is the value of the stock today? (5 marks) d. Hosiey Plc. Stocks currently sells for $20 per share. The stock just paid a dividend of $1 and is expected to grow at a constant rate of 10% per year. What is the required rate of return? marks) e. What stock price is expected 1 year from now? (5 marks) f. A company has preferred stock outstanding which pays a dividend of $5 per share at the end of each year. The current price is $60. What is the required rate of return? (5marks)