To find the share price, we need to put the following values in the financial calculator:
CF0 = 0; C01 = 15.25; F01 = 9; Press NPV, then put I = 9.2; then press the down arrow key and then press CPT, which gives us 90.69
So, Current share price = $90.69
Please do not use D/(1-R)^x formula to solve. How do solve this probelm using the cashflow...