Q2: You have just graduated from your master degree and after graduation you have been hired as a financial analyst in a highly prestigious listed company name Cornejo. Your first assignment is to estimate the stock price of the company. Your assistant gathered the following information for you: - The dividend per share (DPS) record of the company over the last 5 years is as follows: - Risk free rate is 3.5 percent - Market risk premium is 5 percent - Cornejo Co has an estimated beta below market beta over the past five years. - The company's dividend growth rate is expected to remain constant for the foreseable future. Required: (a) Extrapolate a past growth rate. (3 marks) (b) Make valid assumption about the company beta and justify. (2 marks) (c) Estimate the current price of the company's shares. (4 marks) (d) State clearly any limitations and assumptions that you made in your calculations. ( 3 marks)