Abracadabra Pty Ltd is experiencing a period of rapid growth. Earnings and dividends are expected to grow at a rate of 12% per annum during the next three years, at 14% in the fourth, followed by a constant rate of 6% thereafter. Abracadabra’s last dividend was $1.60. The required rate of return on Abracadabra’s share is 9% per annum. What is the value of Abracadabra’s share today (to the nearest dollar)?[Fill in the blank]单项选择题

题目图片
A

A. $71.00

B

B. $67.00

C

C. $73.00

D

D. $60.00

E

E. $10.00

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