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nancia Management 1221 You are valuing the ordinary shares of Topaz Ltd. The share has just paid an annual dividend of 53.50 per share and

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nancia Management 1221 You are valuing the ordinary shares of Topaz Ltd. The share has just paid an annual dividend of 53.50 per share and you require 12% return for this share. Calculate the current price of the share if the dividends are expected to grow at 10% a year for each of the next 3 years, and then settle down to 5% a year indefinitely? (Show answer correct to two decimal places.) >>2 PS U S Xa A B > > E 3

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