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A company is expected to pay a dividend of 1.50tk at the end of this year, a 2 tk dividends at the end of year
A company is expected to pay a dividend of 1.50tk at the end of this year, a 2 tk dividends at the end of year 2, 2.30tk dividends at the end of year 3. It is estimated that dividends will grow at a constant rate of 5% per year thereafter. Investors require a return of 10 percent. Calculate the value of the stock.
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