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2. The Mamusang Company's last dividend was RM3.50. The dividend growth rate is expected to be constant at 15% for 3 years, after which dividends

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2. The Mamusang Company's last dividend was RM3.50. The dividend growth rate is expected to be constant at 15% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If Mamusang's required return (rs) is 12%, what is the company's current stock price? 9 marks

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