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Westpac pays a current dividend of $0.6, which is expected to grow at a rate of 5% indefinitely. The required rate of return agreed by

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Westpac pays a current dividend of $0.6, which is expected to grow at a rate of 5% indefinitely. The required rate of return agreed by Westpac shareholders is 6%. What is the current value of the Westpac share based on the constant- growth dividend discount model (DDM)? Select one: a. $40 b. $50 C. $63 d. $60 e. $53

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