Question: b) ABC Ltd just announced that it is not expected to pay any dividends for the next 4 years. Then the expected dividend per share

b) ABC Ltd just announced that it is not expected to pay any dividends for the next 4 years. Then the expected dividend per share found in part (a) will be paid to shareholders, which will continue to grow at a constant rate of 20% per annum for another 2 years. After that, the dividend will grow indefinitely at 5% per annum. If the rate of return is 9% per annum, what is the current value of a share in ABC Ltd? (3 marks)

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