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(a) A common stock just paid a dividend of RM0.50. The dividend is expected to grow at 6 percent for 4 years, it will grow
(a) A common stock just paid a dividend of RM0.50. The dividend is expected to grow at 6 percent for 4 years, it will grow at 4 percent in perpetuity. The required rate of return is 9 percent. Calculate the value of the share now. (8 marks) (CLO2:PL06:C3) (CLO2:PL06:C3)
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