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a) We Are Life Limited (WALL) has done it again by creating a vaccine for the novel corona virus. WALL is expected to pay

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a) We Are Life Limited (WALL) has done it again by creating a vaccine for the novel corona virus. WALL is expected to pay a dividend of $2.45 next year after which dividends should enjoy growth of 15% for 2 years. Dividend growth is then expected to fall to 7% for 1 year before settling at a constant growth of 4% for the foreseeable future. The cost of capital is 24%. i) Calculate WALL's share price today (Po)- (9 Marks) ii.) Calculate the expected share price three years from today (P3). (6 Marks) 111.) Calculate the dividend yield for year 4. (4 Marks) b) Cohen and Company Limited (CAC) has three preferred stocks on the market, each with a par value of $90. The stocks have dividends and yield as presented in the table below. Name Dividends Yield Series X 8.0% 10.5% Series Y 7.2% 9.8% Series Z 6.5% 11.1% Calculate the price for each of the three preferred stocks? (6 Marks)

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