Question: please answer question (b) F ITI (b) Mango Berhad has just developed a summer collection cloth and expected to experience a 5 percent annual growth
F ITI (b) Mango Berhad has just developed a summer collection cloth and expected to experience a 5 percent annual growth rate for the next four years and after that the growth expected to be 7 percent per year indefinitely. Shareholders require return of 12 percent on the Mango shares. The most recent annual dividend is RM1.75. Calculate the value of Mango Berhad shares. (10 marks)
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