The parts a), b), c) and d) below are independent questions which do not relate to each other. a) An ordinary share just paid an annual dividend of $0.50 and is expected to grow at a constant rate of 3% p.a. for the foreseeable future. The expected rate of return of this investment is 8% p.a. Calculate the value of the share today. Round your answer to the nearest cent. (3 marks) b) ABC Pty Ltd is expected to pay the first annual dividend of $0.25 in 3 years to its preference shareholder. If shareholder's required rate of return is 15% p.a. calculate the share price today. Round your answer to the nearest cent (3 marks) c) An ordinary share will pay an annual dividend of $2.50 in 1 year. If the share price is worth $45 today. The rate of return is 8% p.a. It is expected that the annual dividend will grow at a constant annual growth rate for the foreseeable future. Calculate the annual growth rate to support the current market price. Round your answer to the nearest 0.01%. (2 marks) d) An ordinary share has just paid a dividend of $1. The dividend will growth at 10% p.a. for the first 2 years from today, and 8% p.a. in the third year. From the end of year 3, the annual dividends are expected to grow at 3% p.a. for the foreseeable future. Calculate the share price today if shareholder's required rate of return is 10%. Round your answer to the nearest cent. (4 marks)