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6. Anna Company wants to buy shares of Sana Company which are currently selling at P30 per share on the Philippine Stock Exchange (PSE). Research

6. Anna Company wants to buy shares of Sana Company which are currently selling at P30 per share on the Philippine Stock Exchange (PSE). Research shows that dividends are stable at P6 per year and it is expected to be resold at P20 per share after a year. Anna expects an 8% return on her investment and plans to hold the shares for a year. What is the value of the shares after a year?

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