Calibri (Corpo) 11 ' Generale Incolla GCS Formattazione cond Formatta come tabe Stilicella v a. Av KO % G14 V fx C D H B 1 GRF dividends are expected to have a 20 percent short term growth rate for the next four years (impacting on DIV1, DIV2, DIV3, and DIV 4). 2 Beginning in year five (5), the growth rate is expected to drop to 7 percent per year and last indefinitely. 3 A. If GRF just paid a $3.00 dividend (DIV 0) and the appropriate discount rate is 15 percent, then what is the price of a share of GRF? 4 B. If you know that the short term return of new investment is 18%, what should be the short term payout that allows a share price equal to 50 $? 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25