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11. Smitten Berhad paid RM0.70 dividend per ordinary share this year. The company's policy is to allow its dividend to grow at 6% for the

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11. Smitten Berhad paid RM0.70 dividend per ordinary share this year. The company's policy is to allow its dividend to grow at 6% for the first four years and then the rate of growth changes to 3% per year from year 5 and so on. What is the value of the ordinary share if the required rate of return is 9%

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