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The ordinary shares of OLL Ltd are expected to pay a dividend of $1.50 at the end of year 1 and market analysts expect that
The ordinary shares of OLL Ltd are expected to pay a dividend of $1.50 at the end of year 1 and market analysts expect that dividend to grow at 10% p.a. for the next three years before the growth rate drops to 5% p.a. for the foreseeable future. If the expected return on these shares is 15% their price today is closest to:
(A)$21.00
(B)$12.00
(C)$18.90
(D)$16.90
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