Jonathan company's ordinary shares are expected to pay $1.1 per share in dividends in 3 years...

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Jonathan company's ordinary shares are expected to pay $1.1 per share in dividends in 3 years and after which the dividends are expected to grow at 1% annually forever. The company Beta is 1.5. The long-term return of ASX200 is 9.5% and the return of Treasury Bonds is 3.8%. The growth perpetuity starts at year 3. (a). What is the expected return of Jonathan's shares according to CAPM? (b). What is the implied price per share? (20 marks) Jonathan company's ordinary shares are expected to pay $1.1 per share in dividends in 3 years and after which the dividends are expected to grow at 1% annually forever. The company Beta is 1.5. The long-term return of ASX200 is 9.5% and the return of Treasury Bonds is 3.8%. The growth perpetuity starts at year 3. (a). What is the expected return of Jonathan's shares according to CAPM? (b). What is the implied price per share? (20 marks)