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A company has its share currently selling at $19.96 and pays dividends annually. The company is expected to grow at a constant rate of 3

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A company has its share currently selling at $19.96 and pays dividends annually. The company is expected to grow at a constant rate of 3 percent pa.. If the appropriate discount rate is 14 percent p.a., what is the expected dividend, a year from now (rounded to nearest cent)

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