Question 2 (a) Beautiful Langkawi Berhad just paid dividends of RM2 per share. Assume that over the next three years dividends will grow as follows, 5% next year, 15% in year two, and 25% in year 3. After that growth is expected to grow to a constant growth rate of 10% per year forever. The required rate of return is 15%. Calculate the intrinsic value using the multistage dividend discount model. (6 marks) (b) A company's dividend last year was RM5.00. Dividends are expected to grow indefinitely at 7% and the required rate of return for the stock is 13%. What is the value of the stock today? (4 marks) (c) Discuss what characteristics of the stocks you want to invest in Bursa Malaysian in view of current economic and political development. And give two (2) examples of these stocks that listed in Bursa Malaysia. Explain your answers. (10 marks) (Total: 20 marks)