3. (a) What is dividend yield and how is it calculated? [2 marks) (6) Table 1 below displays extracts on the financials of Panacea PLC. These were obtained from Value Line (an independent investment research firm based in New York City) Use the information from Table 1 to answer the following: (1) What is the investors' required rate of return (r)? [2 marks] (ii) Use the price earnings ratio to find the estimated 2021 price of Panacea PLC [1 mark) (iii) Use your answer in part b) il) to find the price of Panacea PLC at year end 2020. [2 marks] (iv) Use your answer in part b) iii) to find the estimated dividend per share of Panacen for 2021. Then use the result to work out the estimated dividend growth rate, [3 marks Total: 10 marks YLD (%) DIV growth (%) EPS (expected for 2021) P/E Return on Equity (%) 1.5 9 14.35 19.25 62.30 Table 1: Financials of Panach PLC for year end 2020 3. (6) What is dividend yield and how is it calculated? [2 marks] (b) Table 1 below displays extracts on the financials of Panacea PLC. These were obtained from Value Line (an independent investment research firm based in New York City) Use the information from Table 1 to answer the following: (i) What is the investors' required rate of return (r) [2 marks] (ii) Use the price earnings ratio to find the estimated 2021 price of Panacea PLC. [1 mark) (iii) Use your answer in part b) ii) to find the price of Panacea PLC at year end 2020. [2 marks) (iv) Use your answer in part b) iii) to find the estimated dividend per share of Panacea for 2021. Then use the result to work out the estimated dividend growth rate. [3 marks Total: 10 marks