Thank you!

The parts a), b), c) and d) below are independent questions which do not relate to each other. a) Seed Ltd will pay its first dividend of $3.50 per share in 4 years' time. The annual dividend then remains unchanged forever. Calculate the share price today if the rate of return is 9% p.a. Round your answer to the nearest cent. (2 marks) b) Firm JLD has just paid a dividend of $2.20 per share. If the constant dividend growth rate is 5% p.a. and the required rate of return is 10% p.a., calculate the current value of a JLD share. Round your answer to the nearest cent. (2 marks)