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4) GPack plc. recently announced an ordinary dividend per share of 26p. The dividend payout per share for 2017-2020 are 20p, 22p, 22p and 24p

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4) GPack plc. recently announced an ordinary dividend per share of 26p. The dividend payout per share for 2017-2020 are 20p, 22p, 22p and 24p respectively. The shareholders require a return of 14 per cent. Calculate the price for this share. (4 marks)

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