Below is the information obtained from KGG Bhd. 39 The estimated value per unit of KGG share was (2 Points) RM20.40 RM17.20 RM13.60 RM13.20 40 In applying the variable growth dividend valuation model to a company's stock, analyst frequently define the growth rate, g, as equal to (1 Point) ROE multiplied by the firm's retention rate ROE divided by the dividend payout ratio the dividend payout ratio multiplied by the firm's retention rate PE multiplied by the dividend payout ratio In the calculation of an investment's present value, the discount rate is defined as: * (1 Point) annual rate of return that would be currently earned on similar investment individual investor's rate of return on his or her portfolio prime rate minus the risk-free rate of return real rate of return minus the required rate of return 36 In Malaysia, most of the underwriting activities are performed by * (1 Point) the commercial bankers the investment bankers government agencies Securities Commission 37 Which of the followings are considered in the fundamental analysis of a company? 1. the composition and growth in sales II. the capital structure of the firm III. the structure of the Central Bank IV. the composition of assets * (1 Point) & I,II \& IV II \& IV I,II,III \& IV