a QUESTION TWO-STOCK VALUATION (25 MARKS] a) BST Ltd. just paid a dividend of $15.00 per share, and this dividend is expected to grow 6 percent a year 6 for the next 2 years and then at 4 percent a year thereafter. What is the expected dividend per share for each of the next 3 years? (5 marks) b) Hoggs Ltd just paid a dividend of $10.00 per share. The dividend is expected to grow at a constant rate of 8 percent a year. If the required return is 10% what is the company's stock price today? (5 marks) c) Trays Plc's current stock price is $20. It is expected that dividends will grow at a constant rate of 5% and will be $2 one year from today. Calculate the required return on the company's stock. (5 marks) a d) Bronx Ltd wishes to estimate the value of its outstanding preferred stock. The preferred issue has a $100 par value and pays an annual dividend of 10% per share. Similar risk preferred stocks are currently earning a 7% annual rate of return. What is the market price of the outstanding preferred stock? (5 marks) e) Explain two (2) differences between common stocks and preferred stocks