The required rate of return on the shares in the companies identified below is 12.2% pa. Calculate the current share price in each case.

1.The current earnings per share of Alpha Ltd are $3.60. The company does not reinvest any of its earnings. Earnings are expected to remain constant.

2.Beta Ltds current dividend is $2.15 and dividends are expected to grow at 4% pa indefinitely.

3.Gamma Ltd is not expecting to pay dividends for four years, at the end of year five a dividend of $2.69 is planned and dividends are expected to grow at 2.5% pa forever after that.

4.Delta limited plans to pay dividends of 1.65, 2.85, and 3.50 at the end of years 3, 4, 5 respectively followed by a dividend of 4.25 pa in perpetuity after that.

Need adetailed calculation process