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Please help me i will give good rating a) HiSense Bhd. is undergoing a 4-year restructuring and expansion project. The project will have a limiting

Please help me i will give good rating

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a) HiSense Bhd. is undergoing a 4-year restructuring and expansion project. The project will have a limiting effect on earnings during that time, but will allow the firm to gain much improved growth in earnings and dividends upon the completion of the project. The firm has paid RM3.40 dividend last year. It expects zero growth in the next two years, and 5 percent dividend growth in years 3 and 4. Then the dividend growth is expected to be constant at 10 percent thereafter. Calculate the value per share for HiSense Bhd if the required return is 14 percent. (13 marks) b) Explain why preferred stock is considered as a hybrid of equity and debt. (9 marks) c) Discuss the possible risk exposure by a common stockholder. (8 marks)

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