(C) ABC Ltd. currently has 10 million common shares outstanding. ABC has just paid a dividend of K0.25 per share and investment analysts have informed you that the dividends are expected to grow by 7% annually for the foreseeable future. The analysts have also informed you that the shares are expected to be selling at a price of K4.50 in 1 year's time, the beta on the ABC shares is 1.10, the market price of risk is 6%, and the risk-free rate of return is 4%. What is the current market price for a ABC common share?(10 maks)