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6. A company's share just paid a dividend of $4.00. You expect the dividends to grow by 20% for the next 3 years and then

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6. A company's share just paid a dividend of $4.00. You expect the dividends to grow by 20% for the next 3 years and then settle down to a constant 2.0% growth. If the required return on the share is 11.0%, what is your estimate of the fair value (price) of the share? What is the dividend yield for this share? What is the expected capital gains yield? Based on the capital gains yield, what is the expected price next year

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