Question 1 (25 Marks) a) Jewel Cases Limited a member of the Jamaica Stock Exchange has been highly recommended by a stockbroker to three clients, Mary National, Mark Country and Paul Green. The respective required rates of return of the three clients are 12%, 12.5% and 13%. The Jewel Cases stock sells for $150.50 and pays a quarterly dividend of $150 with a projected growth dividend rate of 8% Given the information calculate the valuation of the stock for the three clients and indicate the percentage over/under value for each client (9 marks) Question 1 (25 Marks) a) Jewel Cases Limited a member of the Jamaica Stock Exchange has been highly recommended by a stockbroker to three clients, Mary National, Mark Country and Paul Green. The respective required rates of return of the three clients are 12%, 12.5% and 13%. The Jewel Cases stock sells for $150.50 and pays a quarterly dividend of $150 with a projected growth dividend rate of 8% Given the information calculate the valuation of the stock for the three clients and indicate the percentage over/under value for each client (9 marks)