A firm's earnings and dividends per share are expected to grow constantly by 6% a year. If next year's dividend is 6 per share and the market capitalisation rate is 12%, what is the current price of the share? A 112.00 B 50.00 C 100.00 56.60 None of the above Question 22 A company has 250 million of long-term debt in issue paying interest at a rate of 7%, and plans to maintain this level of debt going forward. The marginal tax rate faced by the firm is 20%. Assuming that the company is sufficiently profitable, the present value of the tax shield on interest expense is: A 5m B 3.271m E50m 25m E None of the above Question 23 Which of the following are characteristics of SMEs