Kramer Ltd last paid a dividend of $0.20 three years ago. Today the company announced they will resume paying dividends. The planned dividends are $0.40 in one year's time, $0.50 in two years' time, and thereafter dividends will increase by a constant rate of 4% p.a. indefinitely. the required rate of return for Kramer is 11%, what is a fair price for one share today? a. $6.80 b. $0.36 OC. $7.00 d. $7.14 e. $6.44