After the year 4 dividend is paid, future dividends are expected to grow at a constant growth rate 5% indefinitely.

If the required return is 10 %, what is the current share price?

BF Ltd anticipates growth over the next few years with the following dividends forecast for the next 4 years. Year 1 2 3 Expected Dividend $1.50 $2.86 $3.75 $5.25 ? 4 5