Question 1 (25 marks) (a) DYNA Bank's expected stream of dividends over the next three years is as follows: Year 2021 2022 2023 Expected Dividend Per Share (RM) 2.25 2.50 2.75 The bank's stock can be sold for RM17 at the end of three years. Based on the information given, calculate he estimated intrinsic value (Po) for this stock if the discount rate is 12 percent? (10 marks) (b) Supposed BFB Bank is expected to pay a dividend of RM3.50 per share at the end of the year and its stock dividends are expected to grow 8 percent a year indefinitely into the future. If the appropriate discount rate applied to the bank's expected dividend stream is 12 percent, calculate is the current value for BFB Bank's stock? Can you use the same evaluation in question (b)? Why? (6 marks) (0) Based on the information given in the following table, calculate Return on Asset for each of the banks: I Name of Banks Total Equity Capital Total Assets Return on Equity DIB Bank RM14.8 million RM180.5 million 3.30% AXN Bank RM11.7 million RM125.0 million 4.40 % CRIS Bank RM 13 million RM104 million 2.10% (9 marks)