a.1)
100 = 4*1.04/(R-.04)
R-0.04=0.0416
R=8.16%
a.2)
V=D/(r-g) + PVGO
PVGO = 100 - (4/(.15-.04))
PVGO = 63.64
a.3)
D0 = 4
g=15%*0.6
g=9%
D1=4.36
D2=4.75
D3=5.18
D4=5.65
D5=6.15
D6=6.43
Assuming discount rate at ROE i.e 15%
P = 47.52
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