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A fast growth share has the first dividend (t=1) of $2.53. Dividends are then expected to grow at a rate of 9 percent p.a. for
A fast growth share has the first dividend (t=1) of $2.53. Dividends are then expected to grow at a rate of 9 percent p.a. for a further 3 years. It then will settle to a constant-growth rate of 3.1 percent. . If the required rate of return is 19 percent, what is the current price of the share? (to the nearest cent) Select one: O a. $18.09 O b. $50.97 O c. $15.91 O d. $15.01
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