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1,What is the present value of a growing perpetuity, where the first payment of $28 occurs 3 months from now, after which payments will grow
1,What is the present value of a growing perpetuity, where the first payment of $28 occurs 3 months from now, after which payments will grow at the constant rate of 1.7% p.a. per annum, and where the interest rate is 10% p.a., compounded quarterly?
2,A share is expected to pay an annual dividend of $1.93 next year, and this dividend is then expected to grow at a constant rate of 3% p.a. in perpetuity. If the required rate of return is 8% p.a., what is the value of the share?
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