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please show the calculation Lofthouse plc has paid out dividends per share over the past few years, as follows: 1996 1997 1998 1999 2000 In

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Lofthouse plc has paid out dividends per share over the past few years, as follows: 1996 1997 1998 1999 2000 In March 2000, the market price per share of Lofthouse is 5.00 ex-dividend. What is the rate of return required by investors in Lofthouse's equity implied by the Dividend Growth Model? 11.0p 12.5p 14.0p 17.0p 20.0p

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