(b) GMX Ltd is a fast growing company. The company expects to grow at a rate of 20% in the first two years, and then by 11% for the next three years. Followed by this, the company is expected to settle to a constant growth rate of 4%. The first dividend is expected to be paid next year and will be equal to $4. What is the current price of this share, given that an investor's required rate of return for the share is 10% p.a.? (4 marks) (c) John owns share of KMP Ltd. The company recently paid a dividend of $5. It is expected that the company will grow at a constant rate of 4% for the foreseeable future. What is the expected price of the share 4 years from now, if John's required rate of return for the share is 8% p.a.? (2 marks) (b) MMO Ltd is a fast growing company. The company expects to grow at a rate of 20% in the first three years, and then by 11% for the next two years. Followed by this, the company is expected to settle to a constant growth rate of 5%. The share has recently paid a dividend of $2. What is the current price of this share, given that an investor's required rate of return for the share is 8% p.a.? (3 marks) (c) BOZ Ltd. is planning to issue a coupon bond which will mature in 10 years. The company is aiming to raise $4m through such issue. The market interest rate is 10% p.a., the coupon rate of the bond is 5% and the face value of the bond is $1000. Assume that payment is compounded annually. How many bonds should be issued to raise the $4m