You started your investment portfolio planning soon after you conducted your investment risk tolerance analysis. You had prepared a details investment portfolio for Mr Derrick. However, he is still confuses on how to compute the return on equities and bonds. He seeks your advice for the following: (d) A company has a dividend cover ratio of 6.0 times and expects zero growth in dividends. The company has one million $1 ordinary shares in issue and the market capitalisation (value) of the company is $60 million. After-tax profits for next year are expected to be $18 million. What is the cost of equity capital ? (e) A bond which is redeemable in four years for its par value or face value of $100 and pays an annual coupon of 10% on the par value. The required rate of return (or yield) for a bond in this risk class is 6%. What is the price of the bond? (f) Despite all the influences of financial figures and projections on the value of a company share, there are a number of key non-financial factors that can have an effect on a company share price. Discuss any 4 (four) of the said key non-financial factors