Help me find the value of company share

Question

Company B is expected to pay a $0.99 per share dividend at the end of the year. The dividend is expected to grow at a constant rate of 9.99 percent per year. The required rate of return is 19.99 percent. What is the value of the company share

Answer 1

Stock price = (next year's dividend)/(cost of equity - growth rate) , so 0.99/(0.1999-0.0999) = 0.99/0.1 = $9.90