A company being a matured one has witnessed 2% growth in dividend p.a. during the past. The growth rate in dividend is expected to be maintained. If the recent dividend has amounted to Rs 10 and if...

A company being a matured one has witnessed 2% growth in dividend p.a. during the past. The growth rate in dividend is expected to be maintained. If the recent dividend has amounted to Rs 10 and if shareholders require 8% return, find the intrinsic value of the share.