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. es 1 . 0 5 = $ 0 . 8 4 ) - ( D _ 3 = $ 0

.es 1.05=\$0.84\)-\( D_3=\$0.84\times 1.05=\$0.882\)-\( r =4.3\%+0.6\times 6.0\%=7.9\%\)-\( g =3\%\) Using these values: \[ P_0=\frac{0.80}{(1+0.079)^1}+\frac{0.84}{(1+0.079)^2}+\frac{0.882}{(0.079-0.03)(1+0.079)^2}\approx \$17.85\] Since the calculated price (\$17.85) is less than the market price (\$18.08), you should not buy COL shares based on this valuation. ### 5. Market Capitalization To calculate the market capitalization on 30 June 2023: \[\text{Market Capitalization}=\text{Share Price}\times \text{Number of Shares Outstanding}\] Assuming the number of shares outstanding is 1.34 billion (from the annual report): \[\text{Market Capitalization}=\$18.08\times 1.34\text{ billion}=\$24.23\text{ bil

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