Homework Answers
rate positively ..
| Computation of share price | ||||
| i | ii | iii=i*ii | ||
| year | Dividend | PVIF @ 12% | Present value | |
| 1 | 16 | 0.892857143 | 14.29 | |
| 2 | 23 | 0.797193878 | 18.34 | |
| 3 | 30 | 0.711780248 | 21.35 | |
| 4 | 37 | 0.635518078 | 23.51 | |
| Total | 77.49 | |||
| therefore share price= | 77.49 | |||
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