Suppose firm X pays dividend D to investors today and the dividend is expected to grow permanently with constant rate g. Letting discount factor be k and assuming k>g. (i) Let X's stock price be P. Express P as a function of D, k and g using the Gordon model. Show each steps of your derivation explicitly. Do NOT just write the final expression. (ii) Suppose discount factor k consists of risk-free rate i and risk premium r, that is, 1+k=1+i+r. Then, discuss what factors influence stock price P by using the expression derived in (i). Suppose firm X pays dividend D to investors today and the dividend is expected to grow permanently with constant rate g. Letting discount factor be k and assuming k>g. (i) Let X's stock price be P. Express P as a function of D, k and g using the Gordon model. Show each steps of your derivation explicitly. Do NOT just write the final expression. (ii) Suppose discount factor k consists of risk-free rate i and risk premium r, that is, 1+k=1+i+r. Then, discuss what factors influence stock price P by using the expression derived in (i)