The questions are listed as a, b, & c. Please try to solve it quickly

Monex Co. (MX) reported a per-share book value of $36.50 in its balance sheet on December 31, 2012. In early 2013, analysts were forecasting consensus earnings per share of $5.50 for 2013 and $7.20 for 2014. The firm's payout ratio is 50%. Assume that the required rate of return on MX is 10% a. Calculate the value per share in early 2013 with a forecast that residual earnings will grow at a long-term GDP growth rate of 4 percent after 2014. b. MX traded at $137 per share in early 2013. How much of the value is attributed to market speculative growth? c. What is the forecast of the residual earnings growth rate after 2014 that is implied by the $137 price