Lecture Mateial https//earn-ap-southeast-2-prod-fleet01ythosalap-southeast-2.amaona.com/ on once epo Question 3 Big Data Ltd is issuing ordinary shares and just paid a dividend of $7.50 per share. The Company Management agreed on steady growth of 15% in dividends and earmings over the foreseeable future. The required rate of return for shares of this type is 18% Required: 1. Calculate the current value of Big Data's share 2. Explain why preference shares would be viewed as less risky to investors than ordinary shares