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AB Inc is expected to pay dividends in year 1 of $ 2 and starting in year 2 there is an annual dividend of $

AB Inc is expected to pay dividends in year 1 of $2 and starting in year 2 there is an annual dividend of $3 growing at a rate of 2% for the next 15 years, and afterwards there are annual dividends of 54 indefinitely growing at a rate of 3% each year.
a) If the market interest rate is 6%, what is the price of the share today?
b) If the market rate is 4% in the first year and then 6% in year 2 and thereafter, what is the price of the share today.
c) In general, if market interest rates decrease, what happens to the price of the share? Explain.

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