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Axe Capital just paid its shareholders are dividend of $10.00 per share, which is expected to remain unchanged for the next 5 years. Thereafter the
Axe Capital just paid its shareholders are dividend of $10.00 per share, which is expected to remain unchanged for the next 5 years. Thereafter the dividend is expected to grow at 10% p.a. What is a share in Axe Capital worth, if the company's shareholders expect to earn 20% p.a.?
Group of answer choices
$77.85
$74.11
None of the other answers is correct
$78.10
$70.09
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