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24-05-2023
Business

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A company's dividend grows at a constant rate of 3 percent p.... Last week it paid a dividend of $3.21. If the required rate of return is 17 percent p.a., what is the price of the share 5 years from now? (round to nearest cent) a. $27.38 b. $26.58 c. $12.49 d. $51.78

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