If the Bahamian Government Treasury bills currently yield 6.40% and you expect the market to increase Man rate of 12.10%, given the below details: FIRM UBR FYP Current earnings $2.00 $3.20 Current dividend $1.00 $3.00 Expected annual growth 179 2% Beta 0.88 1.35 Current market price $23.00 $32.00 a) What are the valuations of these stocks based on the dividend growth model? b) Which stock should be purchased and why? c) What is the implied percentage return of each stock? d) If the appropriate P/E ratio is 12, what is the maximum price the investor should pay for each stock