3. Company Zynetic declares a dividend of $3.00 at the end of the current year. The expected dividend growth of this share is 3% p.a. forever. With the required rate of return of 9.20% p.a., calculate the following:

1. the expected price of Zynetics share (2 marks)

2. the expected price of Zynetics share in four years time (i.e., Year 4) (3 marks)