Question $2(25$ Marks$)$a$.$ Success Ltd$.$ recently paid a dividend of $$5\mathrm{.}50$ per share on its common stock. The dividend is expected to grow at a constant rate of $3\%$ per year. The required rate of return on the stock is $15\%.$ What is the value per share of the company's stock today?b$.$ Punters Ltd$.$ common stock currently sells for $$10\mathrm{.}50$ a share and just paid a dividend of $$1\mathrm{.}40$ per share. The dividend is expected to grow at a constant rate of $8\%$ a year.i$.$ What stock price is expected $2$ years from now? ii$.$ What is the stock's dividend yield?iii. What is the required rate of return on the company's stock?$(4$ marks$)(4$ marks$)(4$ marks$)$c$.$ Flankers Ple has preferred stock outstanding that pays dividends at a rate of $4\mathrm{.}8\%$ annually.The par value of these shares is $$100.$ What is the value of these preferred shares if shareholders require a return of $9\mathrm{.}5\%?(4$ marks$)($i$)$ Name the two $(2)$ main types of shares issued by corporations, and explain one $(1)$ important difference between them