Please answer as soon as possible
Successful Albert Ltd’s last dividend was $3.55. The company expects to grow at a constant rate of 5%. Your required rate of return on such shares is 6.5%.
a. Find the current market value of this share.
b. What is the expected dividends in year 5?
c. What is the price of the share 8 years from now?
d. If the company expect no growth in the near future, what is the maximum price you would be willing to pay?
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