b) Singer limited common stock currently pays an annual dividend of $3.60 per share with a required return of 12%. If Dividends are expected to grow at a constant rate of 6% what is the current market price of the stock? (5 marks) c) If Genesis Limited common stock pays dividends of $2 per share last year. The stock is expected to grow at 8% per year. i) If the required rate of return is 14%, what is the price of the stock? (5 marks). ii) Explain the difference between stock with no growth and the Gordon's growth model? (3 marks).