The Martin-Rehak Institution recently released a successful line of baseball jerseys and is seeking to begin issuing dividends. The first dividend of $1.50 will be paid 4 years from now. Dividends are expected to grow at 10% p.a. for 5 -years before stabilising at 3% p.a. The cost of equity is 5% p.a. Assume dividends are paid semi-annually and that all rates given compound annually. Round your final answer to 2 decimal places. The Martin-Rehak Institution recently released a successful line of baseball jerseys and is seeking to begin issuing dividends. The first dividend of $1.50 will be paid 4 years from now. Dividends are expected to grow at 10% p.a. for 5 -years before stabilising at 3% p.a. The cost of equity is 5% p.a. Assume dividends are paid semi-annually and that all rates given compound annually. Round your final answer to 2 decimal places