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3. FMC has just paid its annual dividend per share of $2.00. The required rate of return on FMC's stock is 8%. a) If FMC

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3. FMC has just paid its annual dividend per share of $2.00. The required rate of return on FMC's stock is 8%. a) If FMC continues to pay the $2.00 per share dividend for indefinite period, what would be its share price? b) Assume FMC's dividend grows at an annual rate of 5% for indefinite period. What would be its price per share? c) Assume instead FMC's dividend grows at 10% per year for the next 3 years and then at 5% per year thereafter. What would be its price per share

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