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3. Jenny Banks is interested in buying shares in Pierro Holdings Pty Ltd which is growing at a constant rate of 6 per cent. Last

3. Jenny Banks is interested in buying shares in Pierro Holdings Pty Ltd which is growing at a constant rate of 6 per cent. Last year, the company paid a dividend of $2.65. The required rate of return is 16 per cent. What is the current price for this share? What would be the price of the share in year 5? full steps pls..

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