Question #3 (50 points) Goldencat Property Management, a London-based corporation, has 1 million shares of common stocks out- standing. The company's revenue has historically grew at q-5% per year and reached 2 million in t Up until year 0, the company's stock price has been stabilized around 10 pound per share. The dividend per share in period 0 is Do-1. The common stock holder's required rate of return in period 0 is res,o = 15%. . (a). Assume the expected return on the market portfolio is E(rm) = 11% and the risk free rate is ry-3%. According to CAPM, what is Goldencat's beta? (5 points) . (b). Goldencat has an existing loan relationship with Libertyville Bank in Brussels, Belgium. At the beginning of year t0, the outstanding balance of the loan is 10 million, and it needs to be paid off in equal installments in 20 years. Repayment must be made at the end of each period. The APR on this loan is 5% and interests are compounded annually. What's the company's debt payment in period 0? (5 points) . (c). The company's earning is revenue net of debt repayment. What is the company's net actual earnings per share in period 0? What is the company's dividend payout ratio in period 0? (5 points) .(d). The constant dividend growth rate valuation model states that D-1 (1g) Tcs where g is the expected dividend growth rate. To the extend that you believe this model is true, what do you think the dividend growth rate g is the market expecting if Po 10? (5 points)