1. 1. Share Values [LO 8.1] The Benalla Ferry Company just paid a dividend of $2.15 per...

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1. 1.

Share Values [LO 8.1] The Benalla Ferry Company just paid a dividend of

$2.15 per share. The dividends are expected to grow at a constant rate of 4 per cent per year indefinitely. If investors require a return of 10.5 per cent on the company’s shares, what is the current price? What will the price be in three years? In 15 years?

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Gauri Hendre

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