c) Stars Ltd is expected to pay a dividend of $0.80 one year from now. Its share price today is $24 and the required rate of return is 12% p.a. Using the constant growth model, calculate the annual growth rate of the dividend. Round your answer to the nearest 0.01%. (2 marks) d) An ordinary share is not expected to pay a dividend for the next 3 years. 4 years from now the expected dividend is $2 per share. The dividend is expected to grow at 25% p.a. for the next 2 years, after which it is expected to grow at a constant rate of 2% p.a. indefinitely. If the required rate of return for the share is 10% p.a., calculate the current value of this ordinary share. Round your answer to the nearest cent. (4 marks)