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A company has just paid an annual dividend of $0.75 per share. If the dividends are expected to grow at a rate of 10% p.a.

A company has just paid an annual dividend of $0.75 per share. If the dividends are expected to grow at a rate of 10% p.a. forever and PPT shareholders are known to demand a return of 15%, at what price should PPT shares sell?

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