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Elden Bling, an aged jewellery distributor, issues dividends semi- annually. The most recent divided was $0.90, dividends are expected to grow at 9% per year

Elden Bling, an aged jewellery distributor, issues dividends semi- annually. The most recent divided was $0.90, dividends are expected to grow at 9% per year compounded semi-annually and the cost of equity is 12% per year compounded semi- annually. In addition to its existing dividend scheme, Elden Bling intends to also issue a $1.70 special dividend one quarter from now. This special dividend is a one-off payment to shareholders. What is the valuation share price bf Elden Bling? O $64.35 O $17.33 O $58.43 O $62.75 O $61.65

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