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QUESTION 3 a) You are interested in buying the preferred stocks of AnB Limited and Eco Ghana Limited. i. The stocks of AnB Limited comes

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QUESTION 3 a) You are interested in buying the preferred stocks of AnB Limited and Eco Ghana Limited. i. The stocks of AnB Limited comes with an annual dividend per share of GH9. How much should you pay for this share if you require 14% on similar investments? (4 Marks) ii. Eco Ghana Limited's share is an 11%, GH100-par-value preferred stock. How much would you pay for this investment if your required rate of return is 18%? (4 Marks) iii. Which of the two stocks would you purchase if they were both selling for GH60 per share on the stock market? (2 Marks)

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