Activity Sheet $3$ of $3$

Transpa Co has announced that it will make the following dividends in the future years:

$200$:$$2\mathrm{.}10$

$201$:$$2\mathrm{.}15$

$202$ : $$2\mathrm{.}21$

The cost of equity is $11\%.$

What would be the expected share price if

i$)$ The growth rate after $202$ is $3\%$ per year.

ii$)$ There will be no growth in dividends after $202.$