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The manager of the DTX Company has decided to pay $9m ordinary dividend for its 3m outstanding shares in the next year. It is expected
The manager of the DTX Company has decided to pay $9m ordinary dividend for its 3m outstanding shares in the next year. It is expected that the DTX dividends will grow by 4.04 per cent in the following year and the same growth will continue forever. If the market expects 12.94 per cent return from this company, what would be the value for a DTX share today?
[Important: Round the final answer to two-decimal places. For example, if the answer is $12.345, write only '12.35'.]
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