Assume MIE is a listed company and pays dividends once each year, and it just distributed this years $1.30 dividend per share and expected to grow by 9% for the next year. After the next year, you estimate that MIE will increase its dividends by 7 % per year forever.

Required: a) What is the current value of this share if your discount rate is 10%?

b) What is the current value of this share if MIEs dividend will grow by 7% forever from this year?

c) What is the current value of this share if MIEs $1.30 of dividend is fixed forever?