Question: X= An ordinary share is expected to pay its first dividend of $3 in 4 years. The dividend will be paid each year after that
X= An ordinary share is expected to pay its first dividend of $3 in 4 years. The dividend will be paid each year after that at a growth rate of 3% p.a. forever. If the required rate of return is 10% p.a. The following equation is used to find the share price today ($x). D (1 + i)" R-9 Che following variables in the above equation. The variables may or may not be of the same value. Fortage, round your answer to the nearest 1% (Odp). Do not include the % symbol. Do not use comma separators. For example, if your answer in decimal is 0.123456, 12 would be the correct format. Forn, show your answer as an integer (positive or negative). Do not include units like "years" or "months" (number only). Do not use comma separators. For example, 1234 would be the correct format. For money amounts, round your answer to the nearest cent. Do not include $. Do not use comma separators. For example, 1234.56 would be the correct format. D=$ (1 mark) RE %(0.5 mark) g= %(0.5 mark) E 10 %(1 mark) ne 4 (1 mark) Please answer all parts of the
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