A company just paid an annual dividend of $1.5 per share. You as an analyst predict that the dividend will grow at 20% for the next 2 years and then 5% forever. With a required return of 10%, what is the intrinsic value today?

a	45.36
b	It cannot be calculated as the growth is not constant
c	34.09
d	40.91

A company just paid an annual dividend of $1.5 per share. You as an analyst predict that the dividend will grow at 20% for the next 2 years and then 5% forever. With a required return of 10%, what is the intrinsic value in a year?

a	47.52
b	41.24
c	43.2
d	45.36