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A company just paid a dividend of $1.20. Investors in this company required a rate of return = 15%. a) What is the current value

A company just paid a dividend of $1.20. Investors in this company required a rate of return = 15%.

a) What is the current value of the shares (with no dividend growth)?

b) What is the value if the dividends are expected to grow at 6% indefinitely?

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