Company DCS has paid a dividend for many years. Its most recent annual dividend was $5.30, which was paid at the end of 2016. The risk-free rate is 1.4%, the current MRP is 8.2%, and the Beta for DCS is 1.2
What would be the value of a share of DCS under the no-growth assumption?
If a 3% dividend growth rate were to be assumed, what would be the value of a share of DCS under the constant-growth assumption?