Question: Show work please and without excel. a. Company ABC has just paid dividend of $40. ABC dividends growth rate is expected to be equal to

Show work please and without excel.
a. Company ABC has just paid dividend of $40. ABC dividends growth rate is expected to be equal to 5% for the coming 5 years, 10% for the next 5 years, and 2% thereafter. What is the price of ABC stock today if the required rate of return on ABC's equity is 10%? b. Define agency conflict. Explain the agency conflict between (1) Managers vs Shareholders ii. Shareholders vs Bondholders
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