Write your answer to ALL following questions in only ONE (1) Microsoft WORD file and upload the file Only the submitted file will be marked. Don't write anything in the textbox. 2a) ORANGE BhD stock just paid $1 dividend. The dividend will grow at 10% for 3 years. Then, you sell the stock at $40 after receiving the third dividend in year 3. If you make your bid based on 9% rate of return, compute how much you would offer to buy ORANGE BhD stock today. (7 marks) 2b) Apple Inc will pay $1 dividend for the next three years and then the dividend will grow at 10% per year indefinitely. If required rate of return is 12%, calculate the price of Apple stock. (7 marks) 2.c) COVID-19 vaccine hopes are driving the stock-market rally and analysts predict that the stock markets will respond positively to the COVID-19 vaccine development with reducing the stock market volatility. Based on the Gordon Growth Model there are three factors (ie. next dividend, expected dividend growth rate, and investors expected discount rate) that determine stock price. Using the Gordon Growth Model, explain how COVID-19 vaccine development positively would impact stock markets (6 marks) i F T: BI E E