A company has just paid its first dividend of 50.94. Next year's dividend is forecast to grow by 9 percent, followed by another 9 per cent growth in yeur tana. Irom year three onwards dividends are expected to grow by 3.2 percent per annum, indefintely. Irwestors require a rate of icturn of i4 percent pa for investmentsof. this type. The current price of the share is (round to nearest cent) 9. pasesing a. 55.28 b. 59.11 c. $9.97 d. 55.21