no excel working out

Question 4 (12 marks) The parts a), b), c) and d) below are independent questions which do not relate to each other. a) A share will pay its first dividend of $1.90 in one year. The dividend will be paid every year at a constant growth rate of 5% p.a. The rate of return is 13% p.a. effective. Calculate the price of the share in 2 years using the dividend discount model (DDM). (Round your answer to the nearest cents.) (3 marks) b) A share is worth $56.50 today according to the dividend discount model (DDM). A dividend of $1.30 per share is payable in one year. The dividend will be paid each year at a constant growth rate. If the rate of return is 12% p.a. effective, calculate the annual growth rate of the dividends. (Round your answer to the nearest 0.01%.) (3 marks) c) A share has just paid a dividend of $2.00 yesterday. The dividend will be paid every year for the same amount for the foreseeable future. The rate of return is 12.5% p.a. effective. Calculate the price of the share in 3 years. (Round your answer to the nearest cent.) (2 marks) d) A share will pay its first dividend of $2.50 in 3 years. The annual dividend will grow 10% p.a. for 2 years until the end of year 5. After that, the annual dividend will grow at a constant rate of 3% p.a. for the foreseeable future. The rate of return is 13% p.a. effective. Calculate the price of the share today using the dividend discount model (DDM). (Round your answer to the nearest cent.) (4 marks)