26 European companies have the annoying propensity to pay one small and one large dividend per year, exactly 6 months apart. Vodafone Plc, for example, will pay $0.68 at the end of April and $1.43 at the end of October. Every year, thereafter, both dividends are expected to grow by 3.0% year-over-year. The discount rate is 10.940% (EAR basis). Today is December 31. ut of What is the applicable discount rate between now and the first dividend payment? % uestion What is the applicable discount rate between now and the second dividend payment? % What is today's share price? $ 26 European companies have the annoying propensity to pay one small and one large dividend per year, exactly 6 months apart. Vodafone Plc, for example, will pay $0.68 at the end of April and $1.43 at the end of October. Every year, thereafter, both dividends are expected to grow by 3.0% year-over-year. The discount rate is 10.940% (EAR basis). Today is December 31. ut of What is the applicable discount rate between now and the first dividend payment? % uestion What is the applicable discount rate between now and the second dividend payment? % What is today's share price? $