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Assume that Opulent Oceans paid a dividend in 2 0 2 3 of $ 1 . 5 0 cents. Assume that today is January 2

Assume that Opulent Oceans paid a dividend in 2023 of $1.50 cents. Assume that today is January 2024 and you expect dividends at the end of 2024,2025 and 2026 will each be 20% greater than the prior year. After 2026 dividends will increase by 4% p.a. and the required return is 15%. What will be a fair price for an Opulent Oceans share at the beginning of 2024? Show your return calculation in the spreadsheet.

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