A company has issued 7 million ordinary shares.The company has just paid a dividend of $3.2 million.That dividend is expected to grow at a rate of 21 percent per annum for the next three years,then at a rate of 15 percent in the 4th year and at a rate of 5.22 percent per annum forever after that.

Assuming a required rate of return of 14.02 percent,calculate the current market price of the share.

Briefly explain any two difficulties relating to share valuation (Use a max of 100 words for the explanation in the Word doc file report).