Q.3 (a) Briefly discuss the rights of shareholders? (2Marks)

(b) Bulls_Eye Stores, Inc., has 1800,000 common shares outstanding. The share price is currently $20, and the annual dividend paid at the end of the year will be $0.70 per share. What is your expected rate of return on a share if you expect the share price to be $21.50 at the end of the year? (1 Marks)

(c) A friend of yours is incorporating his business, the Staples. He has promised to pay a $1.5 annual dividend at the end of each of the next four years, with dividends to grow at an annual rate of 7% thereafter. How much will you be willing to pay for a share if require a 12% rate of return?

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