The current share price is computed as shown below:
= Dividend at end of year 9 / ( 1 + required rate of return )9 + 1 / ( 1 + required rate of return )9 [ ( Dividend at end of year 9 ( 1 + growth rate ) / ( required rate of return - growth rate ) ]
= $ 6.84 / 1.10259 + 1 / 1.10259 [ ( $ 6.84 x 1.0855 ) / ( 0.1025 - 0.0855 ) ]
= $ 184.32 Approximately
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