Question 3 ABC's last dividend was $0.45. Although Covid19 has affected the company's revenues, the company has revealed they will continue to provide the same dividend for the next three years. However, ABC's dividends will grow at an annual rate of 8% in the fourth and fifth years, and beginning with the sixth year its dividends should grow at 12% p.a. thereafter. Assume a required rate of return of 4% p.a., calculate the share price of ABC today. (6 points)