Question 3 (9 points) Consider the following per-share numbers from the accounting reports of a firm 2016 200 256.13 Book Value (end of year) Dividends (end of year) 2017 2018 227 230 150 12 15 2019 250.43 15 18 Income 10 . Do these numbers follow clean surplus relations? Verify. (2 points) b. What would be the estimate of other comprehensive income in years 2016, 2017 and 2018? (2 points) c. Some analysts are impressed with the earnings growth while some analysts have commented that the firm has arrived at a steady state of operation. The cost of capital is 9%. What is your assessment Support your assessment with calculations. (5 points) Question 4 (6 points) Refer to the data above. If the cost of capital is 9% what do you expect the price of the share at the end of 2019 to be? Based on RIV? Based on AEG? Make assumption as appropriate 6 points) Question 3 (9 points) Consider the following per-share numbers from the accounting reports of a firm 2016 200 256.13 Book Value (end of year) Dividends (end of year) 2017 2018 227 230 150 12 15 2019 250.43 15 18 Income 10 . Do these numbers follow clean surplus relations? Verify. (2 points) b. What would be the estimate of other comprehensive income in years 2016, 2017 and 2018? (2 points) c. Some analysts are impressed with the earnings growth while some analysts have commented that the firm has arrived at a steady state of operation. The cost of capital is 9%. What is your assessment Support your assessment with calculations. (5 points) Question 4 (6 points) Refer to the data above. If the cost of capital is 9% what do you expect the price of the share at the end of 2019 to be? Based on RIV? Based on AEG? Make assumption as appropriate 6 points)