Total mark: 7 (Please show all workings) a. Moriarty Co Ltd has been growing at a rate of 4.5% for the past 4 years, and the company's CEO expects the company to continue to grow at this rate for the next several years. The company has just paid a dividend of $2.05. If your required rate of return was 8%, what is the maximum price that you would be willing to pay for this company's shares? (round to 2 d.p) (3 marks) b. Sherlock Ltd is planning to pay a dividend of $1.80 next year. The expected share price a year from now is $25.80. The required rate of return is 13%. Assume a constant growth, what is the current price of this share? (round to 2 dp) (4 marks) a. 7 A b. BI == 98 80 F1 F2 F3 NOV 9 123 III GO 2 MacBook Air 11 P a K DII F4 F5 F6 F7 F8 F9 B F10