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TMD Ltd is expected to pay a dividend of $1.00 per share next year and market analysts expect this dividend to grow at 12% p.a.
TMD Ltd is expected to pay a dividend of $1.00 per share next year and market analysts expect this dividend to grow at 12% p.a. the following year, 10% p.a. the year after that, 8% p.a. the year after that, before stabilizing at 6% p.a. for the foreseeable future. If the required return on these shares is 8% the share price today should be closest to: a) $51.83. b) $55.68. c) $56.52. d) $70.52
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