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This problem contains 1 question: A growing company needs all profits to be reinvested within the company.It isexpected that the companywill notto pay any dividend

This problem contains 1question:A growing company needs all profits to be reinvested within the company.It isexpected that the companywill notto pay any dividend for the next 4years and then in the following year the company will pay a dividend of $3.97. It is also predicted that thedividend will grow by 4% every year thereafter to continue forever. The required return on this share is 13%.

Find the current share price of the company.

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