Fry Pic has ordinary shares in issue which recently paid a dividend of 0.30 per share. This represents a growth rate of 8% over the previous year's dividend and this growth rate in dividends is expected to continue for the foreseeable future. Calculate the value of one share in Fry Plc to an investor with a 10% required rate of return. 16.20 15.00 63.24 16.50