ABC Pty (Ltd) last paid a R2.50 per share annual dividend. The company is planning on increasing the dividend by 12% for

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ABC Pty (Ltd) last paid a R2.50 per share annual dividend. The
company is planning on increasing the dividend by 12% for the
following three years. From year four, the dividend will grow by 7%
per year. 1.1 The non-constant growth share valuation model is used
to determine the value of one share? True or False [1] 1.2 If the
required return on the share is 10%, what is the current share
price? Hint: follow the steps below Step 1: Calculate and use in
Step 2. NO MARKS Step 2: [5] a) PV of D1 = b) PV of D2 = c) PV of
D3 = d) Sum the PV of these dividends during supernormal growth
period = Step 3: [2] e) D4 = f) P3 = Step 4: [1] g) PV of share
price at the end of the supernormal growth period Step 5: [1] h)
Sum the PV in steps 2 and 4