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a) An ordinary share just paid an annual dividend of $0.50 and is expected to grow at a constant rate of 3% p.a. for the

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a) An ordinary share just paid an annual dividend of $0.50 and is expected to grow at a constant rate of 3% p.a. for the foreseeable future. The expected rate of return of this investment is 8% p.a. Calculate the value of the share today. Round your answer to the nearest cent

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