c) An ordinary share will pay an annual dividend of $2.50 in 1 year. If the share price is worth $45 today. The rate of return is 8% p.a. It is expected that the annual dividend will grow at a constant annual growth rate for the foreseeable future. Calculate the annual growth rate to support the current market price. Round your answer to the nearest 0.01%. (2 marks) d) An ordinary share has just paid a dividend of $1. The dividend will growth at 10% p.a. for the first 2 years from today, and 8% p.a. in the third year. From the end of year 3, the annual dividends are expected to grow at 3% p.a. for the foreseeable future. Calculate the share price today if shareholder's required rate of return is 10%. Round your answer to the nearest cent. (4 marks)