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A companys dividend grows at a constant rate of 3 percent p.a.. Last week it paid a dividend of $5.55. If the required rate of
A companys dividend grows at a constant rate of 3 percent p.a.. Last week it paid a dividend of $5.55. If the required rate of return is 18 percent p.a., what is the price of the share 4 years from now? (round to nearest cent)
Select one:
a. $42.89
b. $41.64
c. $22.12
d. $73.89
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