Please compare the stock market valuation of two similar companies paying dividend present on the market. The first company issued 1,000,000 shares, while the second issued 1,275,000 shares. The first has been paying a dividend of 12.34 PLN per share for a long time. The second uses the Gordon model, the last dividend was 7PLN, while historically the profit growth rate can be estimated at 2.1%. The discount rate on the analysed market is 8%.