Your client would like you to review the characteristics and historical prices of two companies (A and B), and estimate their relations to the wider market, detailed below: Current dividends per share (just paid) Current Beta Growth in dividends Date 2018 2019 2020 2021 2022 Other information: Share Price A $2.15 $2.24 $2.20 $2.45 $2.77 Company A $0.10 0.9 3% Share Price B $12.96 $12.45 $13.94 $15.76 $18.88 Current risk-free rate of return: 3% p.a. Current return on market portfolio: 8% p.a. Company B $1.20 1.3 4% REQUIRED: a) Calculate the expected return and standard deviation for share A and B. (6 marks) b) Calculate the required return for share A and B, given their risk characteristics. (3 marks) c) Draw a graph of the security market line and, based on your answers above, plot shares A and B on the graph. (4 marks) d) Calculate the intrinsic value of Company A and B's shares. Based on your calculated intrinsic value, identify whether you would recommend your client to buy or sell the shares, using the 2022 share price for each share as a reference value. Provide justification for your decision. (4 marks)