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8 A pays annual dividends on its ordinary shares. The latest dividend was 45 cents paid yesterday The dividends are expected to grow at 8%

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8 A pays annual dividends on its ordinary shares. The latest dividend was 45 cents paid yesterday The dividends are expected to grow at 8% per year for the next two years after which a grow rate of 4% is expected to be maintained in definitely Estimate the value of the share if the required rate of return is 12%+

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