Question 2 [Total: 30 marks] a) Compute the current stock value for MAXIS Bhd. that is expected to have extraordinary growth of 25 percent for the coming 4 years. After which the firm will face more competition and slip into a constant growth rate of 5 percent thereafter. The required return is 14 percent and the expected dividend to pay next year is RM5.00. (13 marks) b) Identify the key characteristic which describes common stock and the key characteristic which describes preferred stock. (9 marks) c) Discuss the advantages and disadvantages of going public. (8 marks)