A firm's last dividend was R6per share. Dividend growth for the next two years is 10% and 11% respectively for year 1 and 2. Constant growth is expected after that at 8%.

If the required return is 9%:

1. What is the dividend a year from now? R

Blank 1. Fill in the blank, read surrounding text.

2. What is the dividend 2 years from now? R

Blank 2. Fill in the blank, read surrounding text.

3. What is year 3's dividend? R

Blank 3. Fill in the blank, read surrounding text.

4. What is the maximum the investor should pay for this share?

Blank 4. Fill in the blank, read surrounding text.

5.If the market is currently selling this share for R300, is this a buy or sell? Type 1 for buy and 2 for sell.