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37 Kalba Stock latest dividend of AED 2.25 a share was paid yesterday. You plan to purchase the stock today because you believe the dividend

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37 Kalba Stock latest dividend of AED 2.25 a share was paid yesterday. You plan to purchase the stock today because you believe the dividend shall grow @ 10% annually for next FOUR years, and selling price of the stock will be $40 per share at the end of that time. What is the present value of FOUR years' dividend, if you require a 14% return? ANSWER FORMAT: 1234.56; Please write in decimal and do not convert in %

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