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Answer:
the current share price is $73.31
Explanation:
The computation of the current share price is shown below:
P0 = [{D0 × (1 + g)} ÷ (1 + r1)] + [{D0 × (1 + g)^2} ÷ (1 + r1)^2] + [{D0 × (1 + g)^3} ÷ (1 + r1)^3] + [{D0 × (1 + g)^4} ÷ {(1 + r1)^3(1 + r2)}] + [{D0 × (1 + g)^5} ÷ {(1 + r1)^3(1 + r2)^2] + [{D0 × (1 + g)^6} ÷ {(1 + r1)^3(1 + r2)^3] + [{D0 × (1 + g)^7} ÷ {(rC - g)(1 + r1)^3(1 + r2)^3]
= [($4 × 1.06) ÷ 1.15] + [($4 × 1.062) ÷ 1.152] + [($4 × 1.063) ÷ 1.153] + [($4 × 1.064) ÷ (1.153 × 1.13)]
+ [($4 × 1.065) ÷ (1.153 × 1.132)] + [($4 × 1.066) ÷ (1.153 × 1.133)] + [($4 × 1.067) ÷ {(0.11 - 0.06)(1.153 × 1.133)}]
= $3.69 + $3.40 + $3.13 + $2.94 + $2.76 + $2.59 + $54.82
= $73.31
hence, the current share price is $73.31
First, Holly should have investigated and planned how, when and where to put her money. after planning and investigating she should develop the right attitude in saving and investing.
A market mix is the blending of four marketing elements product, distribution price and promotion
