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XYZ Ltd operates a chain of weight-loss centres for carb lovers. Its services have been in great demand in recent years and its profits have

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XYZ Ltd operates a chain of weight-loss centres for carb lovers. Its services have been in great demand in recent years and its profits have soared. XYZ Ltd recently paid an annual dividend of $2.70 per share. Investors expect that the company will increase the dividend by 25% in each of the next three years, and after that they anticipate that dividends will grow by about 6% per year. If the market requires an 11% return on XYZ Ltd equity, what should the share sell for today

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