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6 ) Save Ltd is expanding rapidly. Its dividend growth rate for the coming year is projected at 2 5 % . This rate will

6) Save Ltd is expanding rapidly. Its dividend growth rate for the coming year is projected at 25%. This rate will decline by 5% points per year until it reaches the industry average of 5%. Once it reaches 5%, it will stay there indefinitely. The most recent dividend was $0.20 per share, and the market requires a return of 16% on investment such as this one. What is the price per share for Save?

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