The banking crises in 2017/18 in Ghana was partly attributed to bad corporate governance practices. Briefly discuss (5) features of good corporate governance mechanisms. b. Let's assume the required rate of return on Sky Limiteds stock is 10%. Currently, Sky Limited Company stock is trading at GHS 10 per share. Further, assume that during the next few years Sky Limited dividends will increase rapidly and then grow at a stable rate. Next year's dividend is expected to be GHS 1 per share, but dividends will increase annually by 7%, then 10%, then 12%, and then steadily increase by 5% after that. i. What is the intrinsic value of Sky Limiteds stock? ii. What can you say about the value of Sky Limiteds stock compared to its market value?

c. Below is data for Morelove Company Limited for 2021.

FCF0 = $50 million WACC = 12% FCF is expected to grow at a constant rate of gL = 5% Short-term investments = $70 million Debt = $250 million Preferred stock = $70 million Number of shares =n = 10 million i. What is the value of operations? iii. What is the total value of company? iv. Compute the intrinsic value of equity. v. Based on the value of equity determined in c, compute the intrinsic stock price per share.