what is the current share price? 1 answer below »

Non-constant Dividends. Hawke’s Bay Ltd just paid a dividend of $0.50 and is expected to pay the following dividends over the next three years: $0.75, $1.10 and $1.40. Afterwards, the company expects to maintain a constant 8.3% growth in dividends forever. If the required return on Hawke’s Bay’s ordinary shares is 9%, what is the current share price?

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