Question 2* 2. (a) TLC Corporation issued preferred shares with a stated dividend of 8 percent of par. The required rate of return is 12 percent and the par value is RM52. Calculate the price of the preferred shares. (b) Timberlake Corporation plan to issue 6 years maturity bond that pays 15 percent of coupon rate semi-annually. A par value of bond is RM1,000 and the required rate of return is 10 percent. Compute the current price of bond. (c) World Berhad paid the common share dividend of RM0.50 per share last year. The dividend is expected to grow at constant rate of 7 percent a year. The required rate of return on the share is 15 percent (k). Determine the value company's share