a. Pfizer Corporation is expected to pay the following dividends over the next four years, RM12, RM9, RM7 and RM5. Afterward, the company pledge to maintain a constant 5% growth rate in dividends forever. If the required rate of return 12%, what is the current share price? (10 marks) b. Puan Rosmah, a retired lecturer plans to invest some money in buying common shares. She expects a return of 12% from all her investments. She was given the following information on the stocks of Setia Bhd. Present dividend RM1.00 Growth rate of dividend 6% You are required to determine the price of Setia Bhd stock based on the above information: i. Based on the current information. (2.5 marks) ii. If the growth rate is increase to 9%. (2.5 marks) c. Sinovac Corporation has issued two bonds to finance the company operation and activities. The two different bonds are currently outstanding is Bond M and Bond N. Bond M has par value of RM1,000 and matures in 10 years, coupon rate is 10% and the required return is 20% annually. Bond N also has par value of RM1, 000 and matures in 10 years, coupon rate is 14% and the required return is 10% semiannually. Required: Calculate the bond value for both bond (Bond M and Bond N). (10 marks)