European companies have the annoying propensity to pay one small and one large dividend per year, exactly 6 months apart. Vodafone Plc, for example, will pay $0.90 at the end of May and $3.46 at the end of November. Every year, thereafter, both dividends are expected to grow by 3.0% year-over-year. The discount rate is 13.390% (EAR basis). Today is December 31. What is the applicable discount rate between now and the first dividend payment? 1% What is the applicable discount rate between now and the second dividend payment? What is today's share price? $ European companies have the annoying propensity to pay one small and one large dividend per year, exactly 6 months apart. Vodafone Plc, for example, will pay $0.90 at the end of May and $3.46 at the end of November. Every year, thereafter, both dividends are expected to grow by 3.0% year-over-year. The discount rate is 13.390% (EAR basis). Today is December 31. What is the applicable discount rate between now and the first dividend payment? 1% What is the applicable discount rate between now and the second dividend payment? What is today's share price? $