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A share just paid a dividend of $2 yesterday. It is expected that a dividend will be paid at the end of each year. The

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A share just paid a dividend of $2 yesterday. It is expected that a dividend will be paid at the end of each year. The growth rate for the dividend would be 15% p.a. for the first 2 years, 20% p.a. for the third and the fourth year. From the end of year 4, the annual dividend will grow at a constant rate of 4% p.a. forever. The rate of return is 13% p.a. The following formula is used to calculate the price of the share today (Po). D4 D2 R-g D D3 Po = + + + (1 + R) '(1 + R)2" (1 + R)3 (1 + R)" Calculate the following variables in the above formulas. The variables may or may not be the same value. For money amounts, round your answer to the nearest cent. Do not include $. Do not use comma separators. For example, 1234,56 would be the correct format For percentages, round your answer to the nearest 0.01% (2dp). Do not include the % symbol. Do not use comma separators. For example, if your answer in decimal is 0.123456, 12,35 would be the correct format. For n, show your answer as an integer (positive or negative or zero). Do not include units like "years" or "months" (number only). Do not use comma separators. For example, 123456 would be the correct format D =$ (1 mark) DS (1 mark) D3=$ (1 mark) D4-5 (1 mark) 9 % (1 mark) no (1 mark)

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