Go tohttps://au.finance.yahoo.com/q?s=WBC.AXand click on 'Key Statistics

1. 2. 3. How many Westpac shares are outstanding? (1 mark) What is the current market capitalisation of Westpac? (1 mark) Show how the market capitalisation and the number of shares outstanding are related. (1 mark) . What is the historical (marked 'ttm') P/E ratio of Westpac? (1 mark) . Show how this P/E ratio and the earnings per share of Westpac are related. (1 mark) . Last year's dividend was $1.88 per share. Suppose that this dividend is expected to increase by 2% per year, and that investors currently require an 10% per annum expected return to invest in the shares of banks with a similar risk to Westpac. Use the dividend valuation model to value Westpac shares. (3 marks) . Do the shares look undervalued or overvalued by the market, compared to your valuation? Explain your reasoning. (2 marks)