Question: (b) Snowflakes Sdn Bhd expects to grow at current rate of 10% per annum for the next 2 years and then at 8% per annum

(b) Snowflakes Sdn Bhd expects to grow at current rate of 10% per annum for the next 2 years and then at 8% per annum indefinitely thereafter. Calculate current share price of Snowflakes Sdn Bhd assuming rate of return on equity is 12% per annum and last year dividend is RM1.00 per share.

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