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The ABC Cosmetics Co. has just paid a dividend of 0.08$ or 8% per share. An investment analyst estimates that the growth in dividends will

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The ABC Cosmetics Co. has just paid a dividend of 0.08$ or 8% per share. An investment analyst estimates that the growth in dividends will be the equivalent of 5% per year based on historical performance. The estimated return for a share of that risk class is 13%. What is the value of the share according to the Gordon constant growth model? (10 points) Show full working to earn full marks 7 B . I iii III c

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