Calculate the estimated share price for the following companies assuming a required return of 12% p.a.(a)Red's dividends have been $1.70 per share for some time.It does not reinvest any of its earnings and therefore is not expected to grow in the foreseeable future.(b)White's most recent dividend was $1.70 per share and dividends are expected to continue to grow at 4% indefinitely.

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The Answer of Calculate the estimated share price for the following companies assuming a required return of 12% p.a.(a)Red's dividends have been $1.70 per share for some time.It does not reinvest any of its earnings and therefore is not expected to grow in the foreseeable future.(b)White's most recent dividend was $1.70 per share and dividends are expected to continue to grow at 4% indefinitely.

Calculate the Estimated Share Price for the Following Companies Assuming