Assume a perfect capital market. Shares A are traded in this market. The expected dividends for the next $3$

years are shown in the table below. From year $3$ onwards, the dividend per share increases indefinitely by $4\mathrm{.}5\%$

per year. For example, the dividend in year $4(t=4)$ is equal to: $1\mathrm{.}51\mathrm{.}045.$ The rate of return required by the

providers of capital is $10\%.$

Table: Expected dividend per share $A$ at $t=1,t=2,$ and $t=3.$

$8$ What is the price per share $A$ at $t=0?$

Round your final answer to cents $($so $2$ decimal points$).$ Ignore the currency sign. Use a decimal point $($no

comma$),$ and do not indicate thousands with a period or comma. For example: You calculated a final answer

of $123\mathrm{.}456789$ and thus you enter: $123\mathrm{.}46$