QUESTION 2 (20 Marks) Golden Corp actually experienced a loss in the final quarter of the year ended 2017 Consequently, the un-audited EPS for year ended 2019 was reported to be 20 sen only on 28 February. The audited EPS 20 sen for year ended 2019 was confirmed on 30 April 2020. Rashid Hudson was a close friend of one of the directors of Golden Corp. Rashid Hudson who also used 8 times P/E ratio for selection of shares, held 100,000 shares in Golden Corp as at September 2019. He started selling shares in Golden Corp after 30 September 2019 and sold all the shares in January 2020. REQUIRED: a. What is the minimum selling price of Rashid Hudson based on EPS of 20 sen? [5 marks] b. What would be the P/E ratios based on market price of RM3.50 and EPS of 20 sen? [5 marks] c. What would be the market prices based on P/E ratio of 8 times and EPS of 20 sen? [5 marks] d. What would be the financial resources to buy Golden Corp, what is the effect of his buying decision based on his knowledge of P/E ratio as reported in the mass media? [5 marks]