Jonathan company's ordinary shares are expected to pay $1.1 per share in dividends in 3 years and after which the dividends are expected to grow at 1% annually forever. The company Beta is 1.5. The long-term return of ASX200 is 9.5% and the return of Treasury Bonds is 3.8%. The growth perpetuity starts at year 3. (a). What is the expected return of Jonathan's shares according to CAPM? (b). What is the implied price per share? (20 marks)