An ordinary share is expected to pay a dividend of $1 in one year, $4 in 2 years and $5 in 3 years. The annual dividend then remains unchanged at $5 until the end of year 10. From the end of year 10, the dividend will grow at 3% p.a. forever. Which of the following can be used to find the share price today if the rate of return is 12%? (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: 1 4 5 5(1.03) a. + + (1 1.12-8) + 1.12 1.122 0.12 0.12 0.03 b. 1 4 5 5 + (1 1.12-7)(1.12)-2 + ) (1.12)-9 1.12 1.122 0.12 0.12 0.03 c. 1 4 5 5(1.03) + + (1 1.12-8)(1.12)-3+ (1.12)-11 1.12 1.122 0.12 0.12 -0.03 d. 1 4 5 5(1.03) + + (1.12)-10 1.12 1.122 0.12 0.12 0.03 e. None of the options can be used to find the share price today. f. 1 4 5 5(1.03) + + (1 - 1.12-7)(1.12)-2 + (1.12)-10 1.12 1.122 0.12 0.12 - 0.03 (1 1.12-6)(1.12)-2 +