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The ordinary shares of IJG Investment Company expects its earnings and dividends to increase by 7% per year over the next 6 years. After 6

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The ordinary shares of IJG Investment Company expects its earnings and dividends to increase by 7% per year over the next 6 years. After 6 years, the dividends are expected to have a zero growth rate, hence the dividends would remain constant. The investment firm just paid (today) a dividend of N$5.00 per share to its ordinary shareholders. Determine the current value of a share of IJG stocks to an investor with a 12% required rate of return

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