rice 7.26) Gerald Neut owns shares in Patina Pty Ltd. Currently, the market price of the share is $36.34 The company expects to grow at a constant rate of 6 per cent for the foreseeable future. Its last dividend was worth $3.25. Gerald's required rate of return for such shares is 16 per cent. He wants to find out whether he should sell his shares or add to his holdings. a What is the value of this share? b Based on your answer to part a, should Gerald buy additional shares in Patina Pty Ltd? Why or why not