QUESTION 6(a) The ordinary dividend growth rate of EFG Bhd, on an annual basis, for the past ten calendar years have been as follows: Years Dividend growth rate 2000 to 2004 5.0% 2005 26.7% 2006 to 2009 10.0% The ordinary shares have been listed since January 2005. What is the appropriate dividend growth rate to use when estimating the cost of equity capital at 31 December 2009? Explain your answer (8 marks)