Consider the valuation of a share of common stock that paid a Php 2 dividend at the end of last year and is expected to pay a cash dividend every year from now to infinity. Each year, the dividends are expected to grow at a rate of 10%. Based on an assessment of the riskiness of the common stock, the investors required rate of return is 15%. What is the value of this common stock?

If Jollibee Foods, Inc.s net income is P200 million, its common equity is P833 million, and the management plans to retain 70% of the firms earnings to finance new investments, what would be the growth rate?