Equity Valuation XYZ plc will pay a dividend next year of 40p per share, and it is
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Equity Valuation XYZ plc will pay a dividend next year of 40p per share, and it is estimated that XYZ’s dividend will increase by 4 per cent per year for ever. Investors in XYZ require a rate of return of 10 per cent. What is the share price of XYZ plc?
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