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2. Malaysian Airlines (MAS) has just paid a cash dividend of RM2 per share. Investors require a 16 percent return from investments such as this.

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2. Malaysian Airlines (MAS) has just paid a cash dividend of RM2 per share. Investors require a 16 percent return from investments such as this. If the dividend is expected to grow at a steady 8 percent per year what is the current value of stock? What will the stock be worth in five years? What would the stock sell for today if the dividend was expected to grow at 20 percent per year for the next three years and then settle down to 8 percent per year, indefinitely

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