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Interbet Ltd is a fast growing gaming company. The company projects a rapid growth of 30 percent for the next two years, then a growth

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Interbet Ltd is a fast growing gaming company. The company projects a rapid growth of 30 percent for the next two years, then a growth rate of 17 percent for the following two years. After that, the company expects a constant growth rate of 8 percent. The company expects to pay its first dividend of $2.46 a year from now. If your required rate of return on such shares is 18 percent, what is the current price of the company's shares? Jaime Rich is interested in buying shares in Large Sky Brewing Ltd, which is growing at a constant rate of 10 percent. Last year, the company paid a dividend of $2.65. Her required rate of return is 17.5 percent. a) What is the current price for this share? b) What would be the price of the share in year 5

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