As a securities trader for investments team, you currently have 100,000 XEX shares in your portfolio and are considering the purchase of BRC shares today. Both shares pay dividends into perpetuity.

XEX pays dividends annually and the next dividend of $2.30/ share is expected to grow at a rate of 18% per annum for the next 4 dividend payments, after which dividends stop growing. XEX shares are currently trading at $42/ share

BRC pays dividends semi-annually and has just paid a current dividend of $0.50/share that is expected to grow at 6% for the next 5 dividend payments. Following this, dividends are expected to grow at 3% into perpetutity. BRC shares are currently tradingat $31/share.

The investments team has a required rate of return of 10% p.a. Value each share. Selling all the XEX shares given their value should result in a profit/loss of (_____) while buying 100,000 BRC shares given their value and should result in a profit/loss of (_____)