any two questions. 1. (a) Aztor Ltd. is a firm that pays dividend on the basis of Gordon model. The current dividend of Aztor Ltd. is 5.50 per share on earnings per share of 12. The company has reported a profit after tax of 20 crore. The paid up capital and the reserves of the company as reported in its financial statements are 40 crore and 5 crore respectively. You are required to find the PE ratio of Aztor Ltd. assuming that the cost of equity is 26% p.a