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Bega Cheese Limited just paid a dividend of $0.50 today. The company's dividend is expected to grow at 10% p.a. for the next four years
Bega Cheese Limited just paid a dividend of $0.50 today. The company's dividend is expected to grow at 10% p.a. for the next four years when there is high company require a return of 12% p.a. compounded annually on their investments. How much should one share in Bega Cheese Limited cost in exactly five years' time? Your response must be entered as a numerical value with 2 decimal places and excluding the dollar sign (\$)
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