An ordinary share is expected to pay a dividend of $2 in one year, $5 in 2 years and $6 in 3 years. The annual dividend then remains unchanged at $6 until the end of year 10. From the end of year 10, the dividend will grow at 4% p.a. forever. Which of the following can be used to find the share price today if the rate of return is 15%? (There may be more than one correct answer. You will lose marks by choosing a wrong answer. The minimum mark for the question is zero.) Select one or more: 2 5 6 6(1.04) a. + + (1 1.15-8)(1.15)-3 + 1.15 1.152 0.15 (1.15)-11 0.15 0.04 2 5 6 6 b. + + (1 1.15-7)(1.15)-2 + 1.15 1.152 (1.15)-9 0.15 0.15 0.04 c. None of the options can be used to find the share price today. 2 5 6 O d. 6(1.04) + + + (1 1.15-8)(1.15)-2 + 1.15 1.152 0.15 (1.15)-10 0.15 0.04 2 5 6 6(1.04) e. + + (1 1.15-7)(1.15)-2 + 1.15 1.152 (1.15)-10 0.15 0.15 0.04 2 5 6 6(1.04) f. + + (1 1.15-8) + 1.15 1.152 0.15 0.15 0.04